Sandra Bullock - Oscars 2012 Red Carpet

Sandra Bullock graces the red carpet in Marchesa at the 2012 Oscars held at the Hollywood & Highland Center on Sunday (February 26) in Hollywood.

The 47-year-old actress, who wore Lorraine Schwartz jewels and Casadei heels, returns to the Academy Awards after winning Best Actress for her role as Leigh Anne Tuohy in The Blind Side in 2010.

Sandra‘s film Extremely Loud and Incredibly Close is nominated for two awards this evening, including Best Picture. Her co-star Max Von Sydow is also nominated for Best Supporting Actor.

Billy Crystal hosts the 2012 Oscars live TONIGHT at 8:30 p.m. ET/5:30 p.m. PT on ABC!