Valentino takes a sharp, modern approach to femininity for fall. Deftly tailored with a voluminous skirt, this finely woven wool and silk-blend dress is one of our favorites from the runway. Balance the high hemline with luxe loafers, finishing with a chain bag and silver jewelry.

• Ivory, black and red wool and silk-blend
• Concealed hook and zip fastening at back
• 68% wool, 32% silk; lining: 100% silk
• Dry clean