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THE CROWD AT THE Gramercy Park Hotel celebrated the CFDA/Vogue Fashion Fund finalists and the launch of Montblanc's new jewelry collection, Magie en Blanc et Noir, in a sea of pearls. Ten beauties modeled Montblanc's new lariat, a white-gold chain suspending one freshwater pearl and a black Tahitian one, while wearing special frocks and accessories created by the Fashion Fund designers in tribute to the necklace. "I love this dress," said muse-for-the-
evening Lisa Cant, who wore her necklace backward in order to emphasize the scooped back of designer Thakoon Panichgul's foggy-gray hydrangea dress. "It's all about the back," she said.
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