Penelope Cruz - BAFTAs 2012 Red Carpet

Penelope Cruz is red hot as in custom Armani Prive as she arrives at the Orange British Academy Film Awards, held at The Royal Opera House on Sunday (February 12) in London, England.

The 37-year-old Spanish actress, who accessorized with Chopard jewelry, is presenting an award at this year’s BAFTAs!

PHOTOS: Check out the latest pics of Penelope Cruz

Earlier in the month, Penelope‘s ad for PETA was revealed! The ad, encouraging others not to wear fur, appears on a 70 foot billboard near Penn Station in New York City.

10+ pictures inside of Penelope Cruz at the 2012 BAFTAs…