It may be called “Hollywood’s biggest night” as the entertainment industry’s luminaries gather to recognize the year’s best of the best.

But the Academy Awards could also be called “Hollywood’s biggest night of fashion,” with the world’s most stunning starlets strutting their way down the pre-Oscars red carpet in oh-so-haute gowns. And, Sunday’s Academy Awards proved no exception!

Here’s a look at the best dressed Latinas who pulled out all the stops at the 84th Annual Academy Awards to shine brightest:

Penelope Cruz
There’s no denying Penelope Cruz is one of Hollywood’s brightest stars, especially after seeing her bring some “Old Hollywood” glamour back to this year’s red carpet. The 37-year-old Spanish actress, who won the Best Supporting Actress Oscar in 2008 for her work in Vicky Cristina Barcelona, dazzled in a custom, lilac Armani Prive organza gown with a fitted bodice. Cruz, a presenter at Sunday’s awards show, accessorized her off-the-shoulder stunner with Chopard jewels and a pinned undo.

Jennifer Lopez
She’s known for taking risks on the red carpet, and Jennifer Lopez’s red carpet look at this year’s Academy Awards was no exception. The 42-year-old Puerto Rican singer, actress and American Idol judge looked absolutely radiant in a custom Zuhair Murad couture gown with a plunging neckline and cut-out sleeves. Lopez wore her hair in an oversized bun and carried a Salvatore Ferragamo silver mirrored clutch. “I’ve always loved fashion since I was a little girl,” the awards show presenter told Tim Gunn. “I enjoy playing dress up.” And, during tonight’s show, she was dressed to the nines and lookin’ fine!

Cameron Diaz
Cameron Diaz hit this year’s Academy Awards in a strapless, cream-colored Gucci gown that showed off her taut  figure. The 39-year-old part-Cuban actress accessorized with Tiffany & Co. jewels worth nearly $1 million and Salvatore Ferragamo shoes. Diaz, who served as a presenter during this year’s Oscars telecast, admitted the dresses train was a little heavy, but told Tim Gunn that it’s so masterfully crafted. “These dresses are works of artisans, and the way that they fit and the way they hold onto [your] body, you know who you’re dealing with when you put it on your body,” Diaz added.

Bérénice Bejo
She may have lost to The Help’s Octavia Spencer in the Best Supporting Actress category, but Bérénice Bejo proved to be one of the night’s biggest winners on the red carpet. The 35-year-old Argentine actress and The Artist scene-stealer—who won the Best Actress trophy at France’s version of the Oscars on Friday—hit the red carpet in a beaded, mint green Elie Saab couture gown. Bejo’s copper locks and braided up do complemented the look, especially when juxtaposed with her dramatic emerald-and-diamond drop earrings.