By peoplestylewatch
October 21, 2010 03:00 PM

John Shearer/WireImage

Despite a little thunder and rain, L.A.’s fashion elite turned out in full force Tuesday afternoon to toast the year’s hottest new design talent at the Frederic Fekkai-hosted CFDA Vogue Fashion Fund finalists runway show, where designers like Christian Cota, Pamela Love, Prabal Gurung, Joseph Altuzarra and more showcased their latest creations at the Chateau Marmont. And plenty of Hollywood A-listers were on hand to gush about the drool-worthy designs. From a Christian Cota-clad Eva Mendes to actress Mena Suvari, who was clearly enamored by many of the collections, telling PEOPLE, “I loved a lot of the Pamela Love, Billy Reid, Christian Cota, and Eddie Borgo.” A streamlined and chic Nicole Richie was also present in a pleated Missoni maxi dress, who, in between gab sessions and baby talk with stylist extraordinaire Rachel Zoe, took in the collections and indulged in an outdoor champagne party. And while the topic of discussion rarely derailed from fashion, one stylish attendee found a way to self promote. “I’m doing my own jewelry line, so I was so inspired by Pamela Love,” admitted an enterprising Molly Sims, who was perched in the front row. – Justine Harman; reporting by Vanessa Diaz

Donato Sardella/WireImage; John Shearer/WireImage