It’s Hollywood’s most glamorous night of the year, t must surely be the most nerve-wracking night of the year. The world’s fashion press will scrutinize every detail of your outfit the next day. Maybe we do not want to be famous after all! But even we can not deny that it’s very fun to watch the most expensive designer dresses in the world paraded down the red carpet, this year there are a few important trends – old-school Hollywood glmour, perhaps inspired by The Artist; pale, subtle colors in contrast with classic black ususal, and on-trend color dress pop a bit of fun adds spring to an annual event. Actress Penelope Cruz at 2012 Oscars with Soft Blue Dress set the trend for old-fashioned Hollywood style in her stunning blue Armani gown. she matched her dreamy blue dress with twinkling Chopard diamonds and a classic up-do.