Mary-Kate & Ashley Olsen: CFDA Fashion Award Honorees!

Mary-Kate and Ashley Olsen keep close as they pose at the announcement party for 2011 CFDA Fashion Awards on Wednesday (March 16) at designer Diane von Furstenberg‘s studio in New York City.

The 24-year-old fashionistas’ popular collection, The Row, was nominated for the New Talent Award alongside Joseph Altuzarra and Prabal Gurung.

The Olsen Twins and other recipients of the awards will be honored at the annual CFDA Gala on June 6!

FYI: Ashley is wearing a white suit from The Row and Manolo Blahnik heels. MK donned a blazer and blouse from The Row, Balenciaga belt, Prada bag, and Louis Vuitton shoes.