♦ It's a horrifying mystery that will weigh heavily on all of our minds until it's solved: Where on earth is Karolina Kurkova's belly button? [Telegraph, Daily Mail]
♦ Diane von Furstenberg confirmed last night that she has submitted sketches for Michelle Obama's inaugural ball gown: "Well, they asked me to. Of course, everybody has." [The Cut]
♦ Best outfit worn to the CFDA/Vogue Fashion Fund Awards last night: Agyness Deyn's tux-style black suit with Marc Jacobs hat and red platforms. Absolute worst: Blake Lively's hideous Vena Cava dress, which we can only imagine was chosen to fulfill a contractual obligation to expose her boobs at all times. [stylefile, Teen Vogue]

♦ Heidi Klum, Adriana Lima, Alessandra Ambrosio, and Karolina Kurkova were just a few of the models who took to the stage in Miami this weekend for the Victoria's Secret show where the company unveiled its latest publicity stunt at the celeb-packed event, the $5 million Black Diamond Fantasy Miracle Bra by jeweler Martin Katz. [Vogue UK, E!, ABC]
♦ Prada is gamely adapting to the economy by launching a new line of purses that are all—gasp—under $1,000. [Nylon]
♦ As if today's tiny fashion victims don't have enough to choose from, Jean Paul Gaultier has inked a licensing deal to make children's clothes. [WWD]
♦ Vanity Fair's fashion department tried to go on a $150,000 shopping spree à la Sarah Palin and discovered it's actually kind of hard to blow that kind of cash. [VF]

1) Eric Villency and Kimberly Guilfoyle threw a cocktail party on Saturday evening at their house in Bridgehampton, where Richard Johnson, Dan Abrams, Dave Zinczenko, Geraldo Rivera and Erica Levy, Scott Currie, Rob Wiesenthal, Alina Cho, and Gigi Stone mingled. [Huffington Post/Pmc]

1) At Rita Schrager's Southampton garden, Lara Shriftman and Elizabeth Harrison's new book Party Confidential: New Etiquette for Fabulous Entertaining was feted by Dan Abrams, Dave Zinczenko, Jill Stuart, Woody Johnson, Radu, George Wayne, Kelly Killoren Bensimon, Alina Cho, and Elana Waksal, who in keeping the party's Western theme donned bandanas and Stetsons and tried their luck on a bucking bronco. [FWD/NYSD]

• Contrary to breathless reports, Barack Obama was not the inspiration for Donatella Versace's latest collection, which he's probably relieved to hear. [FWD]
  

The green-eyed Kurkova is a magazine covergirl best known for her longtime gig as a Victoria's Secret Angel.