What They Wore: 2012 Oscars

No matter who you think should have nabbed a coveted gold statuette last night, at least we can all agree the fashion was particularly on-point at the 84th Annual Academy Awards! Since the Oscars serve as the culmination of awards show season, celebs tend to pull out all the stops—and 2012 was no exception. The red carpet offered up an explosion of Hollywood glamour, dramatic gowns, and glittering jewelry. From Michelle Williams' tiered peplum number to Emma Stone's fuchsia bow-necked gown, we rounded up all the evening's breathtaking looks for your viewing pleasure!
Michelle Williams

Dress: Louis Vuitton coral peplum dress
Bag: Bottega Veneta blush crocodile knot purse
Shoes: Christian Louboutin Lady Peep Strass gold shoes
Jewelry: Forevermark jewelry

Gwyneth Paltrow

Dress: Tom Ford dress
Shoes: Jimmy Choo Koko platform sandals
Jewelry: Anna Hu Haute Joaillerie Hearts of Winter cuff bracelet; Duchess Hibiscus ring

Emma Stone

Dress: Giambattista Valli fuchsia gown
Bag: Louis Vuitton clutch
Shoes: Brian Atwood Karin fuchsia satin platforms
Jewelry: Louis Vuitton jewelry