Her accessories included a satin tassel box clutch and diamond chandelier earrings by Chopard. Cruz's high-low silk dress at the 2020 Oscars was based on a design from Chanel's spring 1995 collection.

VALERIE MACON/AFP via Getty Penélope Cruz dazzled ... outfit with a white Chanel quilted bag that included a gold chain and gold hardware, a pair of diamond drop earrings and a single diamond ...

Former Oscar winner Penélope Cruz, for one, looked crisp and glamorous ... Naturally, she completed the look with Chanel jewelry, including starburst gold and diamond earrings, a 5.52 carat ...