JENNIFER LOPEZ, KERRY WASHINGTON, BLAKE LIVELY, KATE BOSWORTH, ASHLEY OLSEN, CHANEL IMAN@ FGI 25TH NIGHT OF STARS PHOTOS

Jennifer Lopez was a vision in pink wearing a one shoulder Versace dress to the 25th Annual Night of the Stars Hosted by Fashion Group International. JLo was back after having her twins and she looked flawless. Jennifer Lopez talked to People about the famous Versace dress Jlo wore while she was dating P Diddy that turned her into a fashion icon.

Lopez and Prince presented the award to Donatella Versace.

It was a Versace palm-leaf dress that Lopez famously wore to the Grammys in 2000, but the new mom and her husband were at odds over whether she'd slip into a similar outfit these days.

"For me, it was one of the eye-opening moments of what a dress could actually do," Lopez, 39, tells PEOPLE. "And I was on the cover of the paper the next day, because of that Versace dress. No, I'd wear it [now]."

"Maybe as a wife, she wouldn't," Anthony interjected, as his spouse laughed. source

Other stars who looked lovely on the red carpet were Gossip Girls Blake Lively in Chanel, Kerry Washington, Kate Bosworth in Burberry, Ashley Olsen in Calvin Klein, Chanel Iman in a grey dress with fringe and Debra Messing. Click here for more photos of the event.

Fashion Group International called out great names from the fashion, architecture, beauty, and entertainment world--these individuals were celebrated for their contributions to our culture and called, 'The Alchemists' for their abilities in their chosen field. Among those individuals celebrated were, Francisco Costa, Christopher Bailey, Carla Sozzani, Franca Sozzani, and Christian Louboutin for fashion, Bobbi Brown for beauty, Phillipe Stark for architecture, Natalie Massenet from Net-a-Porter for corporate leadership, Harvey Weinstein for entertainment, Bill Mccomb from Liz Claiborne Foundation for humanitarianism, Harold Koda from the Fashion Institute for the Oracle Award, and John Paul de Joria from Paul Mitchell for sustainability. source