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Elle Fanning is the new Dakota Fanning Not many 12-year-olds get to globe-trot in Rodarte and Sofia Coppola’s hand-me-downs. Elle Fanning does. “The fashion world is obsessed with her right now,” says Elle.com’s Aboutaleb. Dakota’s little sis, also an actress, sparkled on the world tour for “Somewhere” in Marchesa and Marc Jacobs. She donned director Coppola’s pink Prada gown in the film, and admits she raids Dakota’s closet for choice threads. Steve Granitz/WireImage

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Dakota Fanning Dimitrios Kambouris/Getty Images

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Kelly Osbourne is the new Gwen Stefani We first met rock progeny Kelly Osbourne, 26, as a chubby teen on her family’s reality show. “She was thrust into the spotlight without much direction, in life and especially fashion,” says InStyle’s Rubenstein. But a life-altering stint on “Dancing With the Stars” charmed viewers. “I think it had an enormous effect on her self-esteem.” She lost 50 pounds — and now slips into form-fitting retro styles. “I feel like she’s following Gwen Stefani, who melds the worlds of rock and high fashion. Her clothes are simple, but there’s a shine. She’s influenced by rock, which is her natural environment.” Jason LaVeris/FilmMagic

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Gwen Stefani Frank Micelotta/Getty Images

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Nicki Minaj is the new Lady Gaga Just two years after she signed with Lil Wayne’s record label, Nicki Minaj has landed the spring cover of avant-garde style mag V. Known for her bright ombre wigs and architectural, theatrical frocks, Minaj is nipping at Lady Gaga’s Alexander McQueen heels. “Nicki goes to extremes, but it’s still fashion,” says Rubenstein. “[But] it would all fall flat on its face if she didn’t have any talent.” James Atoa/Everett Collection

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Lady Gaga Dave Allocca/Starpix

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Emma Watson is the new Michelle Williams When Emma Watson finished filming “Harry Potter” last year, she traded her mousy locks for an elfin cut, morphing the ex-child star, 20, into a gamine ingenue. “Her look is very coquettish. The clothes are flirtatious without being overtly sexy,” says InStyle fashion director Hal Rubenstein. For Elle.com style-news editor Britt Aboutaleb, Watson’s subtle glamour recalls another style arbiter with a pixie cut — Michelle Williams. “You get the impression that both these girls don’t want the attention, but it falls back on them because they look so great.” Jon Furniss/WireImage

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Michelle Williams Amanda Schwab/Starpix

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