When Olivia Palermo steps on to the red carpet, you can bet she's going to wear something that will take your breath away [1], and last night was no exception. The fashion icon arrived at last night's An Evening Honoring Valentino event dressed in the ultimate holiday look [2]: a sparkling gown. From far away, it looks like a simple black and gold column dress, but up close, there are unexpected pieces of fringe that take the design over the top.

And while the dress stands out on its own, it's no surprise that Olivia's accessories were on point too. She wore a collection of stacked rings on her fingers, along with matching gold cuff bracelets on each arm, simple stud earrings, and an ear cuff from her BaubleBar collection. She carried a sparkling silver clutch and finished the look off with a sleek headband. Read on to see Olivia's amazing look, other showstopping styles from the night, and a little shopping for you too!

Diane Kruger

Diane Kruger [3] dazzled in an embellished cape dress with a sheer neckline and shimmering beaded details.

Liv Tyler

Actress Liv Tyler [4]'s dress featured a pretty floral print and Victorian neckline.

Olivia Palermo

Olivia Palermo's gold and black gown looked perfectly elegant on the red carpet.

Keira Knightley

Keira Knightley [5] wore a black topper over a ruffled one-shouldered gown.

Nicky Hilton

Nicky Hilton [6] opted for a colorful column gown.

Vanessa Axente

Vanessa Axente wore a dreamy green dress with floral details.