Posted on Sun Feb 26th, 2012 5:40pm PDT By X17 Staff
The always stunning Penelope Cruz looked drop-dead gorgeous in a custom silver Giorgio Armani organza gown, paired with Chopard jewelry, at the Academy Awards Sunday evening.
Cruz was the first Spanish actress in history to receive an Academy Award, and she's serving as one of tonight's presenters.
What do you think of Penelope's red carpet look?
SEE THE GALLERY Oscars 2012 Red Carpet
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