By Erika W.
Substantial diamond jewelry took center stage at the 2012 Academy Awards. Celebrities sported luxurious baubles in tasteful combinations: Simple earrings were paired with grand necklaces, while elaborate chandeliers and drop earrings flew solo. Notable pieces include Natalie Portman's v-shaped diamond necklace from Harry Winston, Octavia Spencer's 20-carat diamond briolette earrings from Neil Lane, Michelle Williams (darling) Fred Leighton bow brooch, and an enormous cushion cut diamond ring from Jacob & Co. worn by Milla Jovovich.
Octavia Spencer
Photo: Frazer Harrison/Getty Images