When Olivia Palermo walked the red carpet in Rome to attend the La Traviata premiere, she wore a Valentino dress that was entirely sheer. Somehow, though, Olivia looked like a fairy princess. Despite a peek at her lacy bralette and high-waisted briefs, Olivia didn't give off sexy vibes — she appeared dainty and effortless.

Of course, the style star [1] grounded her look with edge: accessories came by way of a chunky gold bracelet, a studded box clutch, and lace-up shoes.

Read on to see Olivia's mesmerizing ensemble from all angles, but first get a glimpse at the way Olivia's gown debuted on the Fall 2016 runway [2] beneath a furry coat. It might have looked simple then, but when Olivia got her hands on it, well, magic ensued.

Olivia's Valentino Dress on the Fall 2016 Runway

Olivia Wearing Her Valentino Dress at the Opera in Rome