Emma is wearing a red halter Giambattista Valli gown with bow detail on the halter. Nicole Kidman wore this exact gown too. In my opinion both look amazing in it. I love the red color and the bow on the halter.
50 Amazing Oscar Looks We're Still Obsessed With #refinery29 http://www.refinery29.com/2015/02/82170/best-oscar-red-carpet-photos#slide-18 Gwyneth Paltrow, 1999 Gwyneth's pink Ralph Lauren was perfectly princessy.
André Leon Talley on the Best Oscar Dresses of All Time