NEW YORK — It’s not every year that the Council of Fashion Designers of America inducts a celebrity in its ranks, so when this year’s new members got together for a cocktail party on Thursday night, most attention naturally turned to Sean Combs.

Winding his way into Reed Krakoff’s Upper East Side town house, Combs did the meet-and-greet along with 14 other inductees, including Magda Berliner, Pierre Carrilero, Maria Cornejo and Liz Lange. Combs did stand out, however, with an enormous diamond earring that was bigger than the rock on the hand of 100-year-old Eleanor Lambert, to whom he showed great respect.

“I’m just appreciative for the chance to be in the midst of all these designers,” he said. “For me, as a young designer, I’m so excited to meet so many possible mentors and people who have more experience.”

Still, it looked the other way around. Cornejo made a beeline for Combs to ask for his autograph for her daughter. “She’s 12 years old and she couldn’t believe our names were on the same invitation,” Cornejo said.

Combs also is preparing to open a Fifth Avenue flagship for his Sean John brand and, he said, expects to launch his women’s collection next year. That’s not the first time he’s promised a women’s line, but this time he swears there will be an exclusive launch of limited-edition women’s wear next summer.

“I’m trying to figure out the right retail strategy,” he said. “I don’t want to just roll it out. There are some things about the women’s business I’m still trying to figure out. I have the design and the infrastructure, but I’m still compiling the exact campaigns, marketing and sales plan.”

This was not the only case of a designer sizing up the market at the event, which drew a large crowd of existing members, including Alice Roi, Joseph Abboud, Louis Dell’Olio, Yeohlee, Charles Nolan, Marc Bouwer, Peter Som, Kenneth Cole, Cynthia Rowley, Robert Marc, John Bartlett and Jeff Mahshie. Gilles Mendel, a new inductee for his work at the fur company, J. Mendel, met Dennis Basso, who’s been moving in on his turf recently with new stores in Aspen and on Madison Avenue.“This is a historical moment,” Mendel said, embracing Basso. “Is that a knife you have in my back?”

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