The Academy Awards, like any major Hollywood event, is as much about the stage as it is the red carpet. Having said that, since they didn't show up in a thigh-high slitted custom Versace gown, our top three choices for Best Jewelry wore plenty of ice instead. Natalie Portman loves to accessorize, but never overdoes it. Because she has such a small face, Nats likes to go for delicate-looking jewelry. Topping off her strapless vintage red gown was a diamond cluster choker from jeweler Harry Winston with a pair of six-carat oval diamond drop earrings. The V-shape of the necklace contrasted with the straight line of her gown while its choker design didn't compete with her brightly-colored attire. Elegante! 
Cameron Diaz, not wanting to be outdone in the bling department, went for a whole set courtesy Tiffany & Co. Her diamond necklace, made of emerald-cut stones and valued at $560,000, was the right accessory for the strapless Gucci number as it was glittering enough but didn't eclipse the designer dress. Alongside the necklace, Diaz threw in a pair of stud earrings valued at $55,000 which set off her neckpiece well. Just so her hand didn't look bare next to all of that, the California blonde finished it off with a stunning ring, worth $302, 500. Magnifique!
Since Penelope Cruz went for something demure via a custom lavender Armani gown, she needed to spice it up with a few rocks. 114 carats' worth from the vaults of Chopard. (It pays to be Penelope.) The choice of accessory not only drew attention to a still-gorgeous actress, but it served a glimmering contrast to the pale color of her dress. Gracing her throat was a pear-shaped diamond necklace which were no less than 56 carats, while her ears wore a pair of diamond cluster earrings which were 15 carats. Her wrist had a 43 carat diamond bracelet which drew the gaze and made sure the rest of her got some love too. Weighing in at over a hundred carats, we've got to hand it to Cruz for knowing what it takes to win on the carpet.
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