Kate Moss has reportedly lost the David Yurman jewelry contract she held for eight years. The company uses a variety of top models rather than any single "face" in its seasonal campaigns, but this fall — for the first time since 2004 — Moss is not among them. In her place is Gisele Bündchen and a big, black horse. Moss may have been dropped because of the controversy over her appearance in ads for a competing jewelry brand called Fred. The supermodel designed a small collection for Fred last year, but her longtime client Yurman publicly denounced the ads as "embarrassingly similar" to its own. (They were, but only insofar as all pictures of Kate Moss with tousled hair, wearing jewelry are kind of similar.) According to an anonymous source, "David decided that after Kate's faux pas she just wasn't the right fit for the brand any longer." Yurman stuck by Moss through her 2005 cocaine scandal — but apparently this was too much. [Daily Mail]

Louis Vuitton released two versions of this ad for its Yayoi Kusama collaboration. This is the first. The two ads double as a game of spot-the-difference, which is a canny way to ensure that lots of people will watch both of your ads lots of times. [YouTube]

This is the second ad. If you can spot even one difference, you can Tweet @LouisVuitton_UK and the company will put you in the draw to win a Kusama-illustrated copy of Lewis Carroll's Alice in Wonderland. [AdAge]

Emma Stone and lots of wobbly light artifacts star in the cover editorial of the new Interview. [DS]

This behind-the-scenes video from the production of White House Black Market's fall campaign ad — which, like spring, features a dancing Coco Rocha — is pretty fascinating. [YouTube]

This is Nicole Richie's perfume ad. [TLF]

A single, solitary dress from the upcoming Martin Margiela for H&M collection has appeared in the pages of French Elle. It's red and asymmetrical. [Fashionologie]

Bar Refaeli would like you to know that she walks on water. And looks good in a swimsuit. [@BarRefaeli]

  • Republicans are upset that President Obama granted an interview to Glamour magazine — even though George W. Bush did the same thing in 2008. The National Review quipped, "Can't wait to see what he thinks of the new fall collection" and the Drudge Report illustrated a blip about the interview with a photo of Obama looking vainly in a mirror, demonstrating conclusively that the level of discourse in traditional political news outlets has never been more elevated. [WWD]
  • Christian Louboutin has this to say about his ongoing lawsuit against Yves Saint Laurent and its parent company, PPR, over his trademark on the decorative use of red soles in footwear:
  • "It's my trademark. For two months I said, 'Fix it,' and nothing happened. Then they tried to kill me by saying I can't own a color. But they own colors for their makeup and the red-and-green stripe for Gucci. It's very much a double standard."

  • When YSL made shoes with a red sole, Louboutin, fearing dilution of its trademark, sued. The lawsuit is currently on appeal. Dana Thomas also reports that the designer is launching "a cosmetics line, a project inspired by the phenomenon of 'Louboutin manicures' — black on the top, red on the underside — a style popularized by the pop star Adele." [WSJ.]
  • There are reports that the sisters who design the recently revived Vionnet label may be clashing with new owner Goga Ashkenazi. Barbara and Lucia Croce may not even present the collection in Paris this October. [WWD]
  • Kylie Jenner will walk in Avril Lavigne's fashion show in New York next month. (Yes, Avril still has a clothing line.) [People]
  • Miu Miu is screening a short film it commissioned from Iranian director Massy Tadjedin at the Venice Film Festival. [WWD]
  • During the quarter just ended, net income at PVH rose 29.3% year-on-year to $87.7 million. Tommy Hilfiger was the star performer among the company's sheaf of brands, with operating income that rose 28.5%. At Calvin Klein, operating income fell by 8.8%. [WWD]
  • Billabong posted a $275.6 million loss for fiscal 2011 — a total about-face from the $119.1 million net profit it reported in 2010. The retailer will close 82 more stores in the next 12 months. [Telegraph]
  • Alexander McQueen just opened its second store in China, and its first in Shanghai. [WWD]