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Cocktail-appropriate options abound in playful, asymmetrical silhouettes, be they intricately draped like these Victoria Beckham and Acler neutral-toned beauties, or simpler, slip-inspired pieces from Jason Wu and Stella McCartney

In addition to denoting one of the few remaining formal dress codes, what it really implies is importance: awards ceremonies, a milestone birthday party, a grandiose wedding, a prestigious ball

This chic mini is made from premium crepe, with long sleeves and a high darted neckline

"You might also see seasonal fabric changes in this style of dress." For example, a tailored linen suit would be ideal for a summer destination wedding, while a snowy locale could call for thicker textured fabrics like flannels and velvets