Most of the red carpet dresses are styled in the amazing form-fitting shape. But today I’ll give you an exception with Penélope Cruz’s blush-pink Giambattista Valli Haute Couture dress. And we all have to admit she looks really beautiful in this flowing one-shoulder dress at the Academy Awards.

We can easily tell that it owns a comfy cut with a ruched bodice and thick single strap. Its full-flared flowing skirt and the shawl-cum-cape made her look ultra elegant and graceful with its lightweight tulle texture, while the black silk belt was being able to create an aggressive empire waist for her whole style.

Check out more beautiful pictures of Penélope Cruz on the red carpet below!