Lily Collins floats on the red carpet at the 2012 Met Ball held at the Metropolitan Museum of Art on Monday (May 7) in New York City.

The 23-year-old actress wore a Valentino dress paired with H. Stern earrings and rings, all in 18k noble gold with diamonds.

In case you missed it, Lily recently talked to Company UK mag about her Downton Abbey dreams.

This year’s Costume Institute Gala Benefit – celebrating the opening of the Schiaparelli and Prada: Impossible Conversations exhibition – is co-chaired by Carey Mulligan, Vogue editor Anna Wintour, and designer Miuccia Prada.