Michelle Obama In Michael Kors, Cameron Diaz Fronts Elle U.K., and French Actor to Play Yves Saint Laurent

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First Lady Michelle in Michael Kors and the newly re-elected President OBAMA!

Michelle Obama wore a Michael Kors magenta silk chine pintucked dress last night as Obama was elected President for another 4 years. [Elle U.K.]

Keira Knightley wore $2m worth of Chanel diamonds in Anna Karenina. [Vogue U.K]

Gaspard Ulliel, a French actor and face of Chanel's 'Blue' fragrance, is set to play fashion icon Yves Saint Laurent in new biopic. [Hollywood Reporter]

Tory Burch files counterclaim against ex-husband Chris Burch in response to the legal battle surrounding his label C.Wonder and her own brand. [WWD]

Cameron Diaz stuns in Chanel on the cover of Elle U.K.'s December issue. [Just Jared]

Election Day street style in New York City showed plenty of patriotic/ chilly weather pieces. [Huffington Post]