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:

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:

Follow the link for our full Academy Awards gallery!
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