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Congratulations are in order for the youngest Smith children.

Willow and Jaden Smith have been awarded the New Fashion Icons Award at the 2016 Fashion Awards hosted by the British Fashion Council.

Previously known as the British Fashion Awards, the Swarovski-sponsored event is celebrating its 27th year of honoring fashion icons. The event itself also serves as a fundraiser which will raise money for the British Fashion Council's Education Foundation, which provides scholarship money to emerging talents looking to pursue fashion.

This year's festivities also celebrated designer Ralph Lauren by presenting him with the Outstanding Achievement Award for his work in the global fashion industry.

While this is the first award for the duo, this is not the first time the famous Smith siblings have been recognized for their unique style.

Just earlier this year Jaden made headlines by stepping out in a dress and later sharing a photo of a new dress on Instagram with the caption "Went To TopShop To Buy Some Girl Clothes, I Mean 'Clothes.' " 

Both of these shots came after the 18-year-old modeled skirts for Louis Vuitton back in January and received great praise from Louis Vuitton director Nicolas Ghesquière.

"[Jaden] represents a generation that has assimilated the codes of true freedom, one that is free of manifestos and questions about gender," said Ghesquière. "Wearing a skirt comes as naturally to him as it would to a woman who, long ago, granted herself permission to wear a man's trench or a tuxedo."

And it's not just Jaden's fashion that is eye catching. His little sis is just as fashion-minded.

"Flexibility with yourself and your looks shows self confidence," Willow told Wonderland in 2014 and has continued to believe over the past two years.

"When we were younger …We would wear the craziest things. Jaden would only wear his Spider-Man costume. I would freaking mismatch every single shirt and pants in my closet. We would just be so rambunctious with our clothing choices," the multi-talented teen told Interview magazine in August. "I feel like that's where most of our confidence comes from. Because we weren't told, "Oh, you don't look good in that. You look crazy. People are gonna think this about you." Like, obviously, that was going to be happening regardless, but it wasn't like that ruled what we did or the choices that we made."

And after becoming one of Chanel's brand ambassadors at just 16-years-old, Willow has proved that she is a fashion force to be reckoned with, even adding the title of designer to her resume after the summer release of her own hand-designed T-shirt that sold through her brother's website.

Also in attendance at the awards were supermodels Gigi and Bella Hadid, who were both up for the International Model of the Year Award, against not only each other but also fellow Victoria's Secret Angel and friend, Kendall Jenner.

Jaden, who attended the event alone, accepted the award on behalf of both himself and his younger sister.

Congratulations, Willow and Jaden! We look forward to seeing your latest and greatest styles in 2017.