Last night the entire industry came out to celebrate the best in films this year. The 82nd Annual Academy Awards were held at the Kodak Theare in Hollywood. My favourite part of the night? The red carpet!

Here are my TOP 5 BEST DRESSED:

Demi Moore was simply seductive in a beautiful ruffled silk gown from Versace and Salvatore Ferragamo sandals.

Meryl Streep was gorgeous in a white draped, long-sleeve gown by Chris March and a silver crystal mesh clutch by Swarovski.

Diane Kruger was a vision in couture Chanel. Kruger added a Chanel’s “Camelia Nervure” brooch in her hair. Absolute perfection!

Cameron Diaz turned heads in her glittering Oscar de la Renta gown. Loved the hair extensions, they gave her such a young and fresh look.

Rachel McAdams was angelic in her Elie Saab colorful gown from the Spring 2010 Haute Couture collection. My favourite part of the outfit were her Lorraine Schwartz diamond pendant earrings.

KEEP READING FOR A FULL PHOTO GALLERY OF THE OSCARS RED CARPET: