DIOR WATCH: Tonight's gala launching Dior's Christal, the first timepiece designed by John Galliano, is turning out to be a much-buzzed-about night in a season of great parties. And it's not simply because the dinner for 80, in support of the Entertainment Industry Foundation's Women's Cancer Research Fund, is the first to take place in the hallowed halls of Los Angeles' Getty Center. Besides such expected guests as Charlize Theron, Eva Mendes and Lindsay Lohan, sources said that Prince also will be making a rare appearance at the extra-long, single dining table.

BAGGING IT: Even Hollywood stars love a good bargain. Reese Witherspoon, Calista Flockhart, Kristin Davis, Jamie Tisch and others converged Wednesday at Colleen Bell's estate to scoop up bags by Chanel, Marc Jacobs and Louis Vuitton at 60 percent off retail at the third annual Bag Lunch, benefiting P.S. Arts. A feeding frenzy also ensued when boxes of $200 Christian Louboutins were brought out. "It's like a fire sale," exclaimed Jennifer Tilly. Enough said. It only took an approving eyebrow arch from hosts Elizabeth Stewart and George Kotsiopoulos for women to pounce on the chic totes. In fact, the lion's share of bags was sold not 15 minutes after the doors opened. In all, the sale raised $83,000, with 100 percent of proceeds going to the children's charity.

HOLIDAY CROWD: Saks Fifth Avenue is cooking up a big holiday industry feast at the New York flagship. What started five years ago as a cozy lunch for fashion journalists is expected to draw 80 to 85 guests today, including about a dozen designers, among them David Chu, Derek Miller, Diane von Furstenberg, Douglas Hannant, John Varvatos, Josie Natori, Patrick Robinson, Peter Som, Zac Posen and John Allan. Saks Fifth Avenue's chief executive officer Fred Wilson will host the lunch in the store's new HTWO restaurant, with president Andrew Jennings, chief merchant Ron Frasch and senior vice president of marketing Terron Schaefer. "It's a way of thanking everyone for their support," said Lesley Langsam, who was just promoted to Saks' director of publicity.MOVING ON: Dayanara Torres, the star spokeswoman for Wal-Mart's new contemporary collection Metro 7, got an official Angeleno welcome last Thursday when friends Wilmer Valderrama and Lucky Magazine's West Coast editor Marlien Rentmeester welcomed her with a multicourse sushi fest at Hollywood's Geisha House. Valderrama, who co-owns the restaurant, brought out pals Haylie Duff, Michelle Trachtenberg, Frankie Delgado, Arielle Kebbel and some 70 others to meet Torres, who relocated to Los Angeles recently and is house-hunting. The celebration topped a busy day for Torres: She was up at dawn to do an appearance on the local morning newscast on KTLA, then she headed an hour south to a Santa Ana Wal-Mart and greeted 200 fans. "There were a lot of young Latinas there," said Torres, "and they are very proud. They cry. They give me words of encouragement. I love doing the appearances."

ROMPER ROOM: Nothing's too good for kids of Manhattan's chic elite. And it seems no time is too early to get them in on the social circuit. After valet parking their strollers in front of the DKNY store on Madison Avenue Sunday afternoon, Violet Savage (mom is Nanette Lepore), Mingus Reedus (mom is Helena Christensen) and Sebastian DeFelice and Stefania DeFelice (mom is Gabby Karan) popped into the boutique and promptly entertained themselves with gobs of jelly beans, marshmallows and a coloring book with drawings by Kenny Scharf and William Wegman. But it wasn't all gumdrops and moonbeams, mind you, these kids were out for a good cause: to kick off the new limited-edition RxArt Coloring Book that will be distributed free in hospitals across the country.

HAPPY FACES: Maggie Norris provided the attire, Boucheron offered the jewels and Grace Hightower De Niro served up the entertainment at Sunday's Operation Smile benefit at the Carlyle in New York. Like the models flitting around the hotel's café, which was a second home to the late Bobby Short, the songstress was also decked out by Norris to belt out a few tunes for Harvey Keitel, Daphna Kaster, Fran Drescher, Amy Fine Collins, Dale William Brown, Somers Farkas and Linda Fargo. While many were taken by Operation Smile founder William Magee's first-person accounts, Keitel and his wife, Kaster, were also floored by their friend De Niro. Having never caught her singing before, the actor had one word for the performance, "Amazing." Kaster had three: "She's Amazing Grace."PARIS SONG: Vanessa Seward, Vincent Darré, Alexia S., Isabella Capece Barroux and a bevy of hip fashionites gathered at the Elysée Montmartre Wednesday night for a steamy concert put on by the chanteur Bertrand Burgalat. Burgalat kicked things off with songs from his new album "Portrait-Robot," then gave the stage to his protégés at the Tricatel record label, AS Dragon. But while Burgalat worked French cuffs as part of his stage look, AS Dragon's kinetic lead singer, Natasha, went for classic rock instead. Strutting around the stage in an androgynous Le Smoking-style designed by Azzaro's Seward, who is also Burgalat's girlfriend, Natasha gave off more attitude than Mick Jagger at his hell-raising height.

LIZ'S REALITY: Martha Stewart plans to end her reality show, "The Apprentice: Martha Stewart" on Dec. 14 and Dec. 21 in an apparel state of mind. For the NBC show's final task, one of the teams produced a fashion show featuring the holiday 2005 Liz Claiborne collection. Details of the task are under tight wraps, but executives at the company said Claiborne's holiday collection shines as the centerpiece of the show as contestants are challenged to present the line to an invitation-only crowd of editors and corporate executives.

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