The project was put on hold after multiple sponsors got cold feet, according to sources.
Ahlem Manai-Platt of Ahlem, Becca McCharen-Tran of Chromat, Victor Glemaud and Jordan Askill will be among those presenting.
The winners will be revealed on Feb. 25 during Milan Fashion Week with a special event.
This year’s 57 nominees should focus on the “general excellence” categories, according to the American Society of Magazine Editors.
The Brazilian model was shot in the intimacy of her house by photographer Jamie Hawkesworth.
Princess Noura Bint Faisal Al Saud and Layla Issa Abuzaid will lead the council’s activities.
American Vogue’s editor in chief welcomed Vanity Fair’s new chief with a dinner, and party favors.