Mary-Kate and Ashley Olsen are among the designers who are nominated for awards this year
The CFDA Fashion Awards nominees for 2014 were announced by CFDA President Diane von Furstenberg this week.
Each year, the Council of Fashion Designers of America honours the best of the best in the industry. Basically, it's like the Oscars of the fashion world.
So who's set to be this year's Cate Blanchett?
Battling it in the Womenswear category this year are Marc Jacobs, Joseph Altuzarra of Altuzarra and Alexander Wang.
Nominated for Menswear Designer of the Year are: Maxwell Osborne and Dao-Yi Chow for Public School, Marcus Wainwright and David Neville for Rag & Bone and Thom Browne.
The nominees will surely be holding their breath for their category's reveal - but a few designers can rest easy leading up to the event. This year's honorary awards will go to Tom Ford, Raf Simons, Bethann Hardison and Ruth Finley.
The winners will be revealed at the awards ceremony on 2 June.
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