Taylor Swift - Billboard Awards 2012

Taylor Swift is red hot at the 2012 Billboard Music Awards held at the MGM Grand Garden Arena on Sunday (May 20) in Las Vegas, Nev.

PHOTOS: Check out the latest pics of Taylor Swift

The 22-year-old country cutie wore a gorgeous chiffon Elie Saab gown with lace bodice and Neil Lane jewels – diamond and platinum leaf earrings and a diamond and platinum ring.

The Billboard Music Awards, hosted by Modern Family‘s Julie Bowen and Ty Burrell, airs live today from 8-11pm ET on ABC. Don’t forget to tune in!

On Thursday, Taylor was spotted out to lunch with Foster the People frontman Mark Foster.