Best & Worst Dressed at the 2012 Oscars

Giuliana Rancic wore Basil Soda for the E! red carpet pre-show, but she later switched into this elaborate Tony Ward Couture gown. The glamorously retro gown, which practically dripped with rhinestones, had a Old Hollywood feel to it thanks to the opulent beading on its sheer yoke. Giuliana kept the hair and makeup simple, but her gigantic rings had us wondering if diamonds can indeed be too big.