Jennifer Lopez and Alex Rodriguez OWNED the red carpet at New York's CFDA fashion awards Monday. If J Lo looks THIS good in a gown, imagine what she'll look like in her wedding dress!

Every year, the Council of Fashion Designers comes together to honor American fashion talent. Last year and this year, the event was held at Brooklyn Museum.

Ms. Lopez was presented with the Fashion Icon Award, while Mary Kate and Ashley Olsen got the prize for Best Accessories for their Row line.

Off-White designer Virgil Abloh was nominated in multiple categories but came away empty-handed.

Meanwhile, Bella and Gigi Hadid were perhaps the stars of the shows (other than J Lo) last night. Gigi teamed up with Virgil to promote the awards and she was wearing his design -- a crazy-ass pantsuit. Bella stuck with a plunging neckline in sequins and looked pure diva!