Behind-the-scenes photos of Roland Mouret for Banana Republic Collection. Credit: courtesy of Roland Mouret for Banana Republic

Get your wallets ready!

It's been a while since a designer collaboration really got our hearts pumping wildly, and the upcoming Roland Mouret for Banana Republic does not disappoint.

Favored by stars including Maggie Gyllenhaal, Sandra Bullock and Jennifer Lopez, the British-based designer is known for his impeccable fit and folded detailing—not to mention his "Galaxy" dress that nearly every A-lister has worn.

For the limited-edition collection, Mouret created a nearly 30-piece collection of color-blocked, perforated and printed dresses, skirts, tops and accessories.

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"Partnering with Banana Republic on this project was such an adventure for me," Mouret said in the press release. "The common goal for this collection is to offer incredible fit through an assortment of hourglass silhouettes using Banana Republic's Sloan fabric, extending my love of structure into accessible prices."

Unlike his own line which can cost upwards of $2,000 for a dress, the Banana Republic capsule, launching on August 7, ranges from $49.50 to $165.