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Last Night's Look: Love it or Leave it?Check out the head-turning outfits Jennifer Lopez, Nicole Richie and more stars were just spotted in! Then decide – fabulous or fashion fail?

OLIVIA PALERMO

Olivia proves she's ready for (a stylish) summer at the opening of the N.Y.C. Fabergé flagship store in black shorts, an oversize black-and-white blazer, a Fabergé diamond statement necklace and her favorite Manolos.