Lady in red

Best Supporting Actress nominee Penelope Cruz looked ravishing in red wearing a satin draped gown by Donna Karan. The strapless gown softly flowed with a pleated, ruched bodice that hugged her curves and floated into a long, dramatic train.

The dramatic color required little accessories since it stood out on its own, so Penelope carefully added pear-shaped diamond drop earrings and stacked diamond bracelets by Chopard.

Christoph Waltz accepts Best Supporting Actor award for Inglourious Basterds from Penelope Cruz

The Nine star never fails on the red carpet, and often opts for high-wattage glamour, so the Academy Awards was no exception. During the ceremony she sat next to her handsome boyfriend, Javier Bardem.