Tonight, the red carpet sizzled as Penelope Cruz walked out in a gorgeous, floor-length deep red Armani Privè dress. The Spanish actress is not only an attendee this evening, but she's also set to present an award. Her hair was piled high with short fringe in the front and her accessories were tasteful and demure. The main attraction was a sparkling pair of white diamond earrings and a ring on each hand. Do you think Penelope looks pretty here?
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