'Your Majesty I know that you don't wish to be known as a fashion icon but for all of us in this room who have the utmost respect for you and also for the hard work, diligence and cultural impact you've had on the industry we know that you undoubtedly are, ' says Caroline Rush, Chief Executive of the British Fashion Council (BFC).
"I would like to thank the British Fashion Council for selecting the first victor - Richard Quinn".
"I would like to thank the British Fashion Council for selecting the first victor: Richard Quinn". It was in aim to celebrate and showcase a new Commonwealth Fashion Exchange initiative that is being held on behalf of Her Majesty.
Quinn, a graduate of Central Saint Martins school, has gained recognition for his striking prints and his collaboration with Liberty London.
The Queen thanked the British Fashion Council for choosing the victor.
She looked slightly bemused at some of the more original displays, including a model wearing a strapless dress and boots wearing a motorbike helmet - all in a yellow, flowery print.
The queen, who has maintained an active schedule even as her 96-year-old husband Prince Philip has stepped back from public life, took to the catwalk to address the crowd and praise Britain's fashion heritage. It was designed by Angela Kelly, her longtime dressmaker.
The queen's visit followed a Buckingham Palace fashion reception hosted Monday night by Catherine, the Duchess of Cambridge - who is expecting her third child in April - and Sophie, the Countess of Wessex.