2012 Oscars Red Carpet Jewelry

Gwyneth Paltrow Wears Anna Hu Haute Joaillerie on the red carpet, including the Hearts of Winter cuff bracelet made of 2,368 rose-cut, round brilliant diamonds weighing 163 carats and valued at $1 million; and the double hoop Duchess Hibiscus Ring made of rose cut and round diamonds with purple sapphires set in 18-karat white gold and valued at $160,000. 

With a silent film taking the night’s biggest prizes and two Octogenarians nominated for Best Supporting Actor Oscars (one winning), it shouldn’t have come as a surprise that it was night of nostalgia when it came to red carpet fashion for the 84th Academy Awards. The jewelry worn by the movie industry’s biggest stars kept with that trend with classic designs and plenty of old-time sparkle.

Best Actress nominee, Michelle Williams, arrives at the 84th Annual Academy Awards in a 30-carat Fred Leighton diamond forevermark necklace. Photo credit: Jason Merritt/Getty Images

Green, the most popular color last year, was still very much in the limelight but shared the stage with red and blue. Necklaces were more difficult to spot than in previous years and the ones that were worn took to more traditional designs, such as riviera style necklaces, rather than the big, bold necklaces that some jewelry designers and luxury brands had ready for the stars to wear. Earrings were mostly kept to modest lengths. When size did matter it was used for rings and bracelets, such as large cuffs. Emerald and diamonds seemed to the most popular gemstones for the evening.

Natalie Portman wears a V-shaped diamond necklace and diamond earrings on the red carpet. Photo credit: Jason Merritt/Getty Images

Harry Winston and Fred Leighton were among the favorites of the actresses as were the Swiss brands, Chopard and Piaget. Hollywood’s popular jewelry designers, Lorraine Schwartz and Neil Lane, also had outstanding nights. Largely missing in action were the Italian jewelry houses, Bulgari and Damiani; and the French fashion houses such as Van Cleef & Arpels and Cartier. Tiffany also had a quiet night, with the exception of placing $1 million worth of jewelry on Cameron Diaz.

Penelope Cruz wears a Chopard riviera style necklace and diamond ear clips. Photo credit: Jason Merritt/Getty Images

Overall, risk taking took a backseat to old Hollywood glamour. For the most part it was a good thing.

Cameron Diaz arrives on the red carpet wearing $1 million worth of Tiffany jewels, including the diamond necklace. Photo credit: Michael Buckner/Getty Images

Octavia Spencer, Best Supporting Actress, winner for The Help finished her look with Neil Lane jewelry and a Judith Leiber clutch. Photo credit: Jason Merritt/Getty Images

Jessica Chastain on the red carpet wearing Harry Winston jewels.

Milla Jovovich wears Jacob & Co.

The Iron Lady Meryl Streep wears Fred Leighton.

Emma Stone in Fred Leighton on the red carpet.

George Clooney's SO, Stacy Kiebler, wears Lorraine Schwartz.