Your Morning Fashion and Beauty Report: Elle Fanning meets Paris Haute Couture. Emma Watson dazzles on eve of ‘Harry Potter and the Deathly Hallows.’

“Super 8’s” Elle Fanning attended her first-ever fashion show Tuesday and it was a doozy: Chanel’s Haute Couture show in Paris. The 13-year-old younger sister of Dakota Fanning joined Diane Kruger and Joshua Jackson in the front row at the Grand Palais, and she got to meet creative director Karl Lagerfeld. Not a bad introduction to the world of high style. [People]

The Paris Haute Couture shows closed Wednesday with an elegant ball at retired fashion designer Valentino Garavani’s spectacular French castle in Crespieres, about 30 minutes from Paris. The White Fairy Tale Love Ball was held to support Russian supermodel Natalia Vodianova’s children’s charity, The Naked Heart Foundation, and attracted socialites, designers, models and Hollywood celebs, including Daphne Guinness, Anne Hathaway, Olivia Palermo, former French Vogue editor Corine Roitfeld, W editor Stefano Tonchi, Givenchy’s Riccardo Tisci, Tommy Hilfiger and Stella Tennant. [Telegraph]

Earlier in the day, French President Nicholas Sarkozy awarded the Legion d’Honneur award of merit to none other than Vogue U.S. editor Anna Wintour. Yes, the French do take fashion seriously. Wintour wore a blue Chanel couture suit that had been shown on the runway the day before. [WWD]

For photos from the haute couture shows, check out our All the Rage photo gallery.

With “Harry Potter and the Deathly Hallows: Part 2” upon us, Emma Watson is starting her final round of formal appearances on behalf of the long-running franchise. And at 21, she doesn’t have to try too hard to show she has come a long way since she created the role of Hermione Granger a decade ago. As we’ve been documenting for some time now, she has become quite a fashion favorite. At a photo call on Wednesday, she looked coolly elegant in a black lace dress with a shimmering, gold underlay, complete with a ruffled, tiered skirt, left. Watson is on the cover of this month’s Vogue and August’s Harper’s Bazaar. The film premieres in the U.K. on Thursday, opens worldwide Wednesday and reaches California July 15. [Telegraph]

Jessica Simpson’s latest — and supposedly last — entry in her Fancy Collection fragrance line is I Fancy You, a scent designed to bring up reminiscences of first love. It’s described as redolent of velvety floral musk with notes of juicy pear, savory Fuji apple and bergamot orange. [People]

Giorgio Armani has been pretty outspoken lately. First he opined recently that labels like Dolce & Gabbana and Prada make men look ridiculous on the runways. (Ya think? Um, let’s see: there were loud florals at Prada this spring and a lot of netting at Dolce & Gabbana.) And he swiped at Prada for going public with a stock offering to pay off its debts. After criticism of his remarks, he has written a letter to Italian newspaper Corriere della Sera, saying, “I don’t need alliances, complicity, or need to surround myself with international jetsetters…. I have too much respect for myself, for the public, and for the people that work both with me and the fashion industry to renounce any sort of intellectual honesty that influences and orients my life, even at the expense of attractive economic opportunities…. I don’t need any of the money from the stock exchange — not for growth, not for globalization, not to aggregate my brand.” OK. [The Cut]

–Susan Denley

Photos, from top: Elle Fanning, third from left, is on the edge of her chair at her first-ever fashion show, Chanel’s Haute Couture showing in Paris on Tuesday. More relaxed: fashion veteran Diane Kruger, third from right, with a smiling Joshua Jackson (Credit: Thibault Camus /Associated Press); Emma Watson at a photo call for “Harry Potter and the Deathly Hallows: Part 2” on Wednesday (Dave Hogan / Getty Images).

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