Milla Jovovich in Elie Saab
This was Jovovich's first time at the Academy Awards, and she said in an interview that she wanted to go with something simple and classic. That she did... and it's exactly why it's my favorite look of the event. She epitomizes old Hollywood glamour in a modern aesthetic, without being too costume-y or done up. Elie Saab has absolutely become my favorite designer as of late- he just never fails to produce stunning, feminine designs.
Cameron Diaz in Gucci
Cameron always looks phenomenal and effortlessly chic, but this is probably the best I think we've seen her look. The simple silhouette and cut fits her body perfectly, and the nude color is stunning. The golden sequin and ruffle detail are the perfect accents, neither distracting nor over the top. I also like how the hair, makeup, and jewelry were kept to a minimum. Love this dress!
2-28-12 Edit: A few more favorites to add from the Vanity Fair party!
Selena Gomez in Dolce & Gabbana with a Judith Leiber clutch
Olivia Wilde in Gucci
Gerard Butler in Gucci. Swoon.
And, of course, the Beckhams. Victoria Beckham in her own design. Stunning!
