The 2011 Academy Awards were co-hosted by Anne Hathaway and James Franco.

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When you’re presenting the show, you have to come to stylishness and so, Anne did.

She arrived on the red carpet wearing a red Valentino gown added by a $10 million Tiffany & Co. Lucida Star diamond necklace.

Estimates place the neckpiece’s weight at 94 carats.

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