Watch Penélope Cruz Completely Steal the Style Spotlight From the World's Biggest Male Model

Yes, Zoolander 2 is all about Derek Zoolander and his forays into the world of high fashion. That's well and good — but Penélope Cruz is really the star of this show, let's be honest. She's been rocking elegant, elevated looks in the run-up to the premiere of the highly anticipated sequel. She wore vintage Ungaro to an award show and then rocked a floral and lace Etro dress to a documentary debut. And, oh yeah, there was also that Vogue cover.

The chic looks kept coming last night when Penélope selected an Atelier Versace gown for the Madrid premiere of Zoolander 2. Versace itself dubbed Penélope "stunning" when it shared news about her dress on Twitter.

She paired the dress with lots — and we mean a ton — of Chopard diamonds on her rings, earrings, and bracelets. She was the indisputable standout when she posed alongside costars Owen Wilson, Will Ferrell, and Ben Stiller, as well as writer Justin Theroux. Her good friend Mario Testino also attended the Spanish screening. With Zoolander 2 not hitting theaters in the US until Feb. 12, we can definitely look forward to more winning looks from Penélope.