Fashionista Lily Cole usually accessorises well, and last night was no exception.

The supermodel was accompanied by a handsome male companion as she arrived to host a star-studded dinner for American artist Richard Prince at London's Serpentine Gallery.

The appearance sparked rumours of a new romance for Lily, who recently announced she will put her movie career on hold to study social and political sciences at Cambridge University's King's College later this year.

New romance? Lily Cole arrived at London's Serpentine Gallery with a handsome male in tow

Late night exit: Lily followed her companion out as the night came to an end

The 20-year-old, who has earned an estimated £6million as a sought-after model, isn't hesitant about taking time away from the catwalk for other pursuits.

She has said: 'I take opportunities as they come. Fashion has been a great one, but it hasn’t stopped me doing other things. I love creativity and I’m interested in the humanities. Human life, art, any of those things wonder and perplex me.'

Primped and preened: Evgeny Lebedev and Joely Richardson

Lily was joined by a host of stars at the event, including actress Joely Richardson and her primped and preened boyfriend, Russian billionaire Evgeny Lebedev.

The 43-year-old began dating 27-year-old Evgeny, the son of a former KGB agent, earlier this year.

The Nip/Tuck star was last linked with her on-screen son John Hensley, while Lebedev's fleeting relationship with Spice Girl Geri Halliwell ended in November.

Glamour: Claudia Schiffer and Trinny Woodall

Evgeny also dated Jude Law's former wife, Sadie Frost.

What Not To Wear host Trinny Woodall was also among the crowd, along with original supermodel Claudia Schiffer.

Cherie Blair was an unlikely addition to the fashion crowd, but made herself at home by mingling with popular designer Marc Jacobs.

Unlikely pair: Cherie Blair rubs shoulders with fashion designer Marc Jacobs