Giorgio Armani's Women's Fall Winter 2013 haute couture fashion collection, in Paris, France, (Photo : Reuters)

Chanel at the Paris Fashion week 2012 (Photo : Reuters)

Fashion Gurus Armani and Chanel create wonders on the second day of the Paris Fashion Week as they present a diverse collection of creations.

From what we've seen so far, this year's Paris Fashion week is all about one thing - Imagination. High end fashion labels Armani and Chanel raised the bar of fashion with their diverse collection showcased at the event.  The collection included A-lines to dropped waists, palettes that were muted or bright, and styles spanning decades.

"Haute couture will exist as long as people want to dream," Didier Grumbach told The Associated Press.

According to the French fashion president Haute couture exists against all the odds. Creations which range in price from $19,000 to $125,000 being bought by women thought to number no more than 100 in the world.

"But Armani's coming here to Paris, it shows that fashion needs haute couture. ... It's not just about selling clothes: it's an advert, an ideas factory," added Grumbach.

What do a supermodel and a 79-year-old former French first lady have in common? Chanel haute couture. The unlikely pairing of Laetitita Casta and Bernadette Chirac was seen at Karl Lagerfeld's aptly titled "New Vintage" show.

 Lagerfeld resurrected the 1980s. A series of ensembles in big, bold textured checks in black, gray and white channeled the decade's strong shoulders and narrow hemline. In other looks, pink tulle fringing recreated a dropped waist effect from the 1920s.

"Ravishing," said Chirac.

"It's French perfectionism," said Casta.

"It's hard for the seamstresses," said Lagerfeld. "They toil over the clothes. The tulle with pearl took 3,000 hours. Couture is for a world of privilege."

"New Vintage" was a typical contradiction in a constantly moving fashion world. But is there ever time for looking back? Not really, according to Lagerfeld.

"In fashion now, vintage means six months," he said.

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