The list of finalists who will compete for the 2012 CFDA/Vogue Fashion Fund has been released, and the 13 up-and-coming designers on it include Wes Gordon, Tabitha Simmons, and Suno's Max Osterweis and Erin Beatty. The contestants will start proving their mettle at the end of July, when they will present their collections to a panel of judges. Other challenges will include creating a one-of-a-kind piece of jewelry for Tiffany & Co. and presenting a show in Los Angeles. The work is worth it: last year's winner Joseph Altuzarra took home a prize of $300,000, while runners-up Pamela Love and Creatures of the Wind's Shane Gabier and Christopher Peters were given $100,000. Winners of the competition are also appointed talented mentors — Diane von Furstenberg, David Neville, and Marcus Wainwright have worked with winners in the past. This year's winner and runners-up will be announced in November. Below, a look at which designers are in the running.

• Andrea Lieberman — A.L.C.
• Greg Armas — Assembly New York
• Sofia Sizzi — Giulietta
• Justin Salguero, Daniel Silberman, and Alina Silberman — Illesteva
• Jennifer Fisher — Jennifer Fisher Jewelry
• Jennifer Meyer Maguire — Jennifer Meyer
• Max Osterweis and Erin Beatty — Suno
• Tabitha Simmons — Tabitha Simmons
• Greg Chait — The Elder Statesman
• Wes Gordon — Wes Gordon

Photo: Max Osterweis and Erin Beatty attend the 2011 CFDA/Vogue Fashion Fund awards dinner.

Those stories and more in our daily news roundup.

• Marion Cotillard stars on the cover of the August issue of Vogue. [Vogue]
  

• Ralph Lauren has promised to make its next set of Olympic uniforms in the United States after being criticized for producing Team USA's outfits for the London Olympics in China. "Ralph Lauren promises to lead the conversation within our industry and our government, addressing the issue of increasing manufacturing in the United States," the company said in a statement. [LA Times]
  

• An image that is believed to be the ad for Saint Laurent Paris's new fragrance Manifesto — starring Jessica Chastain — leaked today. [Fashionista]
• When Diane Kruger got the part of Marie Antoinette in the new movie Farewell My Queen, one of the first people she told was Karl Lagerfeld. "I walked over to his home and picked his brain for inspiration," she says. [The Wall Street Journal]
  

• Giorgio Armani worked with the costume designer on the new Batman movie The Dark Night Rises to create suits for Christian Bale's character Bruce Wayne. Armani last dressed Wayne for 2008's The Dark Knight. "I'm thrilled to play a small role in the Dark Knight legacy," he said. [Fashionologie Inbox]
  

• Downton Abbey stars Jessica Brown Findlay (Lady Sybil) and Rob James-Collier (Thomas) are each featured on a cover of Love Magazine's Fall 2012 issue. Both actors were shot by Mert Alas and Marcus Piggott. [FashionEtc]
  

• Jean Paul Gaultier will design eight collections of textiles for French home fabrics company Lelievre, which also produces cloth for Missoni Home and Sonia Rykiel Maison. [WWD]
  

• Madonna wears Balmain in the video for her newest single "Turn Up the Radio." [Elle UK]
  

• Karlie Kloss's Summer vacation plans have taken her to Machu Picchu, Peru, where she's taking in the sights with writer Derek Blasberg. [@KarlieKloss]

The rumors are true: a host of British supermodels — including Kate Moss and Naomi Campbell — will take to the runway during the closing ceremony of the London Olympics.

Moss and Campbell will be joined by Georgia May Jagger, Stella Tennant, Rosie Huntington-Whiteley, and Lily Cole during their turn on the specially designed catwalk. Vivienne Westwood and Alexander McQueen's Sarah Burton will dress the models, and the presentation will reportedly be set to David Bowie's songs "Fashion" and "Rebel Rebel."

The catwalk presentation will be part of a multimillion-dollar closing games extravaganza, which will be titled "A Symphony of British Music" and will feature musical performances by Queen, George Michael, Annie Lennox, Adele, The Pet Shop Boys, and One Direction, among others. A troupe of 300 dancers will move through choreography inspired by London at rush hour, and Russell Brand will perform a comedic version of the Sex Pistols' "Pretty Vacant" and The Beatles' "I Am the Walrus." Sir Paul McCartney and Sir Elton John are also on the performance schedule. All of the performers are being paid a fee of £1 — about $1.55 at the current exchange rate.

The show's organizers stress that the set list is subject to change and are reticent about revealing further details. "We won't comment," a spokesman said. "We want the lineup to be a surprise."

Photo: Kate Moss arrived for a special presentation of Stella McCartney's Fall 2012 collection during London Fashion Week.