Naomi Watts Arrives in Marchesa at Venice Film Festival

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Naomi Watts was absolutely one of the best dressed women at Cannes this year. Wearing a specially made jazz-age, pale pink Gucci frock to the Vanity Fair-Gucci dinner at the Hotel du Cap, the actress out-flash-bulbed everybody else.

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Watts doesn't even have a film at Venice -- she arrived to the premiere of the opening night ceremonies on the arm of Liev Schreiber, who stars in The Reluctant Fundamentalist -- in an amazing Marchesa dress from resort 2012-2013.

The caramel colored frothy gown has an interesting combination of elements -- a high "bateau" neck (or boat neck, which goes straight across the neck and doesn't dip), ruffle sleeves, a lace overlay (big trend), and a deep low back. Plus, the red lips really make it pop.

She also chose some striking Chopard jewelry to compliment the vintage-inspired lace frock: Brown and cognac diamond chandelier earrings set in rose gold and a yellow and white diamond bracelet, also set in rose and white gold.

STORY: Naomi Watts, Kate Hudson Arrive in Style at Venice Film Festival

A lot of leading ladies tend to dress down when supporting their actor partners (Angelina Jolie, for instance), but Watts did not do the shrinking violet thing. Now that's fashion confidence.