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Lucy Liu’s style ante has definitely been upped by her new role on Cashmere Mafia — she’s been making edgier choices in her wardrobe for months. But when we saw her in this Valentino dress and volumetric cape, we just didn’t get it. So we went back to the runway to see where exactly things went wrong — it is the never-endingly elegant Valentino, after all! The dress is so chic on its own ...

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