Guests including actress Karen Gillan and TV presenter Alexa Chung, who hosted the event, walked the red carpet alongside Scottish fashion designers Christopher Kane and Holly Fulton.
Former Netherlands and Tottenham footballer Edgar Davids was in town, with his fiancee Olcay Gulden, the fashion designer and founder of the SuperTrash label while Dolce & Gabbana pin-up model David Gandy also appeared.
The awards, which are in their seventh year, took place in association with InStyle magazine and honoured a range of Scots in the fashion industry including designers, models and textile companies.
It was the first year the event was open to the public, with around 2000 people buying tickets to watch a two-hour ceremony that featured an exclusive catwalk show from Swarovski, and the first time the event has been held at the Clydeside location.
There were musical performances from singers Dionne Bromfield, goddaughter of the late Amy Winehouse, and Tallia Storm, the Scots teenager who performed at the Elton John concert in Falkirk on Sunday.
Winners included Kane for Designer of the Year, Dundee-based Hayley Scanlan for Young Designer of the Year and Annie Lennox's daughter Tali Lennox for Model of the Year. She beat another daughter of a musical star, Tara Nowy, whose father is former Marillion singer Fish.
Dr Who star Gillan, whose flight was late, arrived just in time to take the Scottish Fashion Icon award.
Kane said: "I am extremely proud and grateful to receive my award. I think Scotland has such a wealth of great fashion talent from design through to production and the heritage is something we should all be proud of."
Scottish supermodel Stella Tennant was inducted into the Scottish Fashion Awards Hall of Fame. Before receiving her award she watched video tributes from Chanel designer Karl Lagerfeld and fashion photographer Mario Testino.
It was also revealed on the night that the Scottish Fashion Awards founder and chairwoman, Tessa Hartmann, is to be given an honorary doctorate from Glasgow Caledonian University later this month, in recognition of her achievements in promoting Scotland's contribution to the fashion industry at home and internationally.
Ms Hartmann, who is also fashion editor-at-large of the The Herald & Times Group, said: "It's a very special night for Fashion Scotland this evening. We do like to punch above our weight and I just can't believe so many people have flown in from around the world to attend.
"I think it's testament to the global credibility we have as a nation within the fashion world. This is now a serious commercial platform for our textile companies, young designers and fashion retailers living and working in Scotland.
"It's just a thrill to welcome Italian Vogue, US Marie-Claire, and top fashion editors from Canada, Germany, France, Australia and Dubai to Glasgow. We've given them quite a party."
The Herald & Sunday Herald are the event's media partners and Sunday Herald editor Richard Walker, who was also a judge, said: "The standard of entries this year was higher than ever - a sign that Scotland's contribution to the world of fashion is more vibrant and exciting than ever.
"Fashion is more than beautiful clothes and inspiring design. It does contribute to the enjoyment of a nation but it also contributes to its wealth." l See The Herald Magazine on Saturday for more coverage from last night's event.
And the winners are ... Scottish Designer of the Year (sponsored by Instyle): Christopher Kane
Scottish Young Designer of the Year (sponsored by The Scottish Fashion Council): Hayley Scanlan
Scottish Textile Brand of the Year (sponsored by House of Fraser): Dashing Tweeds
Scottish Accessory Designer of the Year (sponsored by Swarovski): William Chambers
Scottish Fashion Icon (sponsored by Capital FM): Karen Gillan
Scottish Communicator of the Year (sponsored by BAA Glasgow): Faye McLeod
Scottish Model of the Year (sponsored by Radley London): Tali Lennox
Scottish Retailer of the Year (sponsored by Braehead): Shhh-oohs
Scottish Young Fashion Photographer (sponsored by The Herald & Times Group): Jonathan Daniel Pryce
Scotland’s New Face (sponsored by Smart of Glasgow): Kerry O’May
Scottish Graduate of the Year (sponsored by Marks & Spencer): Joanne McGillivray
International Designer of the Year (for use of a Scottish fabric) (sponsored by Toni & Guy): Mulberry
Scottish Fashion Innovator (sponsored by bare Minerals): Brian Rennie
Fashion Ambassador (sponsored by Mercedes-Benz West of Scotland): Colin McDowell
Scottish Hall of Fame 2012 (sponsored by Hartmann Media): Stella Tennant