Oscars 2012

Oscar Night's 15 Best Dressed

Emma Stone! Angelina Jolie! Michelle Williams! See the stunning stars whose Oscars style deserves an award

PENÉLOPE CRUZ

"It's one of my favorite dresses I've ever worn," the actress gushes of her custom lavender Giorgio Armani gown, the perfect palette for a whopping 114 carats of Chopard diamonds.