RedCarpet List: No. 5

Celebrity: Olivia Palermo

Event: Attended the 2012 Brazil Foundation Gala held at the American Museum of Natural History in New York City

Dress: Sheer Valentino gown with floral embroidery

Bag: Bronze satin clutch

Beauty: Classic look – defined eyes and a nude pout were combined with a sleek ponytail

Color Critique: Olivia opted for a neutral floor-length gown with colorful floral details that reflected her classic, yet feminine aesthetics. -

Color Pick of the Week: Nominee

Image via InStyle/Jason Kempin/Getty Images