2012 Oscars Red Carpet Dresses

It has finally happened! The much awaited 2012 Oscars or more formally known as the 84th Academy Awards didn’t disappoint. White, red and black ruled the evening’s color palette. Here, we choose the 7 best looks of the evening.

Milla Jovovich arrived in a beautiful Elie Saab one shoulder gown, with Jacob & Co. jewelry.

Natalie Portman shined in a ‘Nuit de Feu’ dress in red chiffon silk with a polka dot effect in devoré velvet from Christian Dior Haute Couture Spring-Summer 1954.

Jessica Chastain opted for an Alexander McQueen bespoke gown, designed by Creative Director Sarah Burton.“Fitted with a corset, the bustier gown is made of black silk organza and hand embroidered with gold bullion and metal thread.”

Emma Stone stunned in a Giambattista Valli Couture gown, accessorized with Brian Atwood pumps and Louis Vuitton clutch bag.

Gwyneth Paltrow looked lovely in a Tom Ford one shoulder gown and long cape with Jimmy Choo heels.

Stacy Kiebler glows in a liquid gold Marchesa gown, with a Judith Leiber clutch.

Angelina Jolie is elegant in a stunning custom Atelier Versace, with Neil Lane jewelry

Photos: Getty Images