Dakota Fanning Lands Modeling Contract, Monique Lhuillier's New Candles, and More!

[tiImage width=”300″ height=”400″ url=”http://img2.timeinc.net/instyle/images/2010/wrn/122210-LTL-300.jpg” credit=”Frazer Harrison/Getty; Charles Eshelman/FilmMagic; COINS; DOGS; Karl Prouse/Catwalking/Getty; BASKET” align=”right” border=”1″ alt=””]1. Dakota Fanning signed a modeling contract with IMG. Do we smell a campaign on the horizon? [Nylon]

2. Monique Lhuillier teamed up with candle company D.L. & Co. to create her own home fragrance collection, which will debut in April. [WWD]

3. The royal mint released a coin commemorating the engagement of Prince William and Kate Middleton. What’s next? [Telegraph]

4. These adorable pets in ugly holiday sweaters will cheer you up if you’re stuck at a desk this week. [People]

5. Maison Martin Margiela and Opening Ceremony announced that they will collaborate on a line for Fall 2011. We’re intrigued! [WWD]

6. Find out how to snag great last-minute gifts at your local drugstore. You know that place is full of tiny treasures. [Glamour]

Prince William and Kate Middleton's Engagement Photos: What They Wore

[tiImage width=”623″ height=”400″ url=”http://img2.timeinc.net/instyle/images/2010/wrn/121310-kate-william-623.jpg” credit=”Mario Testino” align=”center” border=”1″ alt=”Kate Middleton and Prince William Engagement Portraits”]Prince William and Kate Middleton just released two official engagement portraits—one formal and one casual—shot by fashion photographer Mario Testino, and Middleton chose clothes straight off the racks of British stores for each of her outfits. For the formal portrait, the princess-to-be wore a cream dress with a draped collar by Reiss, a London-based label that launched in 1971, (the “Nanette” dress will be reissued in Reiss stores worldwide in January), and earrings by Links of London. The Prince wore a suit by British label Turnbull and Asser. For the more casual shot, Middleton wore an ivory blouse by British retailer Whistles; William wore a Turnbull and Asser shirt and a V-neck sweater by Italian brand Bruno Cucinelli (which Testino lent the Prince himself, the Telegraph reports). Middleton stayed true to her elegant, classic style, keeping her choice of colors, makeup and accessories minimal, so that the only item that truly stood out was her sapphire and diamond engagement ring, of course.

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Natalie Portman on Perfume, Derek Jeter Rarely Goes Shopping, and More!

[tiImage width=”300″ height=”400″ url=”http://img2.timeinc.net/instyle/images/2010/wrn/120910-ltl-300.jpg” credit=”Getty Images (3); Courtesy of Amazon; Courtesy of Gucci ” align=”right” border=”1″ alt=””]1. Black Swan star Natalie Portman, the new face of Dior’s Miss Dior Chérie fragrance, likens wearing fragrance to wearing jewelry: “It makes every woman feel more feminine.”  [Allure]

2. Derek Jeter admits he rarely goes shopping and lives off of gifts he receives. Lucky slugger! [WWD]

3. In addition to producing a children’s clothing line, Gucci also launched a children’s iPhone app.  [Child Mode]

4. Azzedine Alaïa, whose designs are often worn by Michelle Obama, says he only customizes dresses for actresses if they come to his Paris studio for fittings. [NYTimes]

5. A new (unauthorized) biography out reveals that our favorite Prince once shopped at Abercrombie & Fitch. Who hasn’t? [People]

6. Ports 1961 will launch its first menswear line for fall 2011. [WWD]