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Naomi Watts’ dress at the Academy Awards was a real head-turner.

The British-Australian beauty always carries herself with unmatched, understated elegance, the kind that makes her a natural fit to play Princess Diana.

She LITERALLY took our breaths away (and nearly shut down Twitter) last night, though, in a gray Armani gown with an off-center cut along the bust-line

Even her longtime partner Liev Schreiber had to document this:

Naomi Watts Liev Schreiber 2016 Venice Film Festival
(Getty Images)

How did Naomi Watts’ gown compare to with some of the other fashion standouts of the night, such as Jessica Chastain, Kristen Stewart and Kerry Washington?

Take a look after the jump and share your comments:

 
Naomi Watts Liev Schreiber 2016 Venice Film Festival
(Getty Images)

Follow the link for our full Academy Awards gallery!