An Oscar-worthy performance requires Oscar-worthy jewelry.

I honestly think that the best part of the Academy Awards is not the announcing of who won the gold statuette, but what the attending actresses wore. The jaw-dropping couture gowns no doubt showcase the exquisite talent of fashion designers, but the accessories worn can be even more amazing.

Whether on loan from well-known jewelry makers such as Tiffany & Co. or Harry Winston or from their personal collections, these actresses proved that wearing the right jewelry will guarantee chatter for years to come.

Elizabeth Taylor (God rest her) was a regular presence at the Oscars and her accessories may have actually gained more attention than her violet-eyed gaze. She proved that baubles, when worn well, turn an ensemble into a work of art.

From the 68-carat diamond necklace her then-husband Richard Burton famously purchased for her at $1.1 million in 1969 ...

to the Ruser diamond and pearl earrings she wore the night she won Best Actress for Butterfield 8 ...

to the delightful Vancleef & Arpels daisy necklace.

Actress Margot Robbie wore another woman's necklace to the 2015 Oscars, one belonging to Wallis Simpson, the Duchess of Windsor. Made with 150 diamonds, 300 sapphires, this necklace holds a value of $1.9 million. Fun fact, this necklace actually can be "zipped" into a bracelet.

margot robbie wearing the duchess of windsor necklace at the 2015 oscars


Ever wanted to know what $7 million dollars looked like? Nicole Kidman can tell you with her custom L'Wren Scott necklace at the 2008 Academy Awards. The necklace consisted of over 7,500 diamonds and weighed in at 1,339 carats.

nicole kidman at the 2008 oscars wearing a l'wren scott diamond necklace
Liz O. Baylen/Los Angeles Times/MCT

Cate Blanchett certainly looked the part of a Best Actress when she wore $18 million worth of opal earrings, diamond ring, and diamond bracelet from Swiss jewelry maker Chopard.

And lastly, the most expensive Oscar jewelry worn on the red carpet is courtesy of Harry Winston. Titanic actress Gloria Stuart wore the $20 million piece to the 1998 ceremony and was escorted with two Harry Winston bodyguards to protect the 15-carat blue diamond necklace.

actress gloria stuart at 1998 oscars wearing harry winston blue diamond necklace


Meanwhile, here are the most famous pieces of jewelry off the red carpet.