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Last night, guests skipped breakfast and held out til cocktail hour at Tiffany's, where Michael Kowalski, chairman of Tiffany & Co held a little party in celebration of the new Tiffany Leather Collection.-

Designers Richard Lambertson and John Truex were on hand to introduce their new collection, which includes the Manhattan Satchel and The Holly (Golighty? That would be fitting.) Clutch, which comes in a variety of colors including, naturally, Tiffany Blue.

Guests included Phillip Bloch and Fran Drescher, looking demurer but not really older than she did on The Nanny. The elegant party attracted quite a bit of buzz, as the line for the fourth floor was out the door. Sadly, no handbags were given out as parting gifts....