News Updates: Chanel Hosts A Diamond Affair, Rihanna Debuts A Real Umbrella, And More

The pretty people came out to play Wednesday night for the Night of Diamonds dinner hosted by Chanel. [FWD]

Rihanna will debut her second umbrella collection with Totes this spring. It is a complete coincidence that she has sung about them in the past. [WWD] 

A new report shows that today's young people are more narcissistic than older generations. Could consumerism be to blame? [NYT] 

The DSquared Fall 2008 Menswear Show in Milan was a cross between Deliverance and Cliffhanger, complete with beer bottles and bungee cords. [Style.com]