Fashion news: Giambattista Valli to do couture, Marc shows (more) art world love, and more

Photography by Tony Barson/WireImage

What economy? Designer Giambattista Valli to show his first ever couture collection this summer. [Bazaar Blog]

Gaga’s first column for V Magazine is accompanied by a ‘Madame Butterfly’-esque cover. [Nicola Formachetti

File this under must-reads: Take a peek into the incredible Iris Apfel’s home. [Architectural Digest]

Distracted by Princess Beatrice’s Philip Treacy hat during the royal wedding? Now it can be yours! [People]

Emma Watson looks bewitchingly (get it!) gorge in Lancôme’s new campaign.[Fashionista]

Marc Jacobs’ latest art world pet project? British artist Tracey Emin, who will showcase her work in Louis Vuitton stores before an opening. [AnOther]

Haven’t you heard? Collections are nothing without an accompanying short film⎯ here’s Karl’s for Chanel Cruise 2012. [StyleCaster]