While established stars such as Gwyneth Paltrow and Julianne Moore may have faltered a little (or a lot) on this year's Academy Awards red carpet, newer stars including Rosamund Pike and David Oyelowo took to the Oscar red carpet in some of the best looks of the night.

Best-dressed

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Bianca Bina: Well, finally, I've been impressed by the season's fashion, thanks to the Oscar red carpet. While many celebrities came to the rain-soaked Hollywood Boulevard in the beaded see-through netting and chiffon fad, the men impressed with a little bit of glamour themselves. Stars such as Jared Leto, Common, Kevin Hart and David Oyelowo made a splash with their man brooches, a game changer for men and accessories at Hollywood's biggest event.

My best-dressed pick, Cate Blanchett, always manages to blow me out of the water with her simplistic, elegant style. The fraying edges on her tailored, form-fitting gown added a bit of character to what could have been another simple black dress, and the open oval back emulated a similar look she wore to the Oscars in 2011, a Givenchy Haute Couture gown.

This year, the turquoise beaded Tiffany necklace made such a significant pop with diamonds and aquamarine against the silk and velvet dress. It was a break from the usually ornate ensembles the Oscar winner dons at the ceremonies, and usually, playing it safe doesn't impress, but the choice in accessory (emphasis on the one accessory) and natural makeup made me gasp when she took the stage.

Catherine Krummey: After a series of odd choices this awards season, including one that landed her on our worst-dressed list, Rosamund Pike has done a 180-degree turn to be my pick for best-dressed at the 87th Academy Awards.

Red was a popular color at both the Golden Globes and the Grammys, but Pike was only one of the stars to go for the siren color at the Oscars, and it paid off. In a classic silhouette with embellished details, her Givenchy Haute Couture dress made her stand out from the white and nude dresses that dominated the red carpet last Sunday in Hollywood.

Sarah Dykowski: Reese Witherspoon's Tom Ford gown won the red carpet in a landslide. It was timelessly elegant and perfectly tailored for her shape. I love that Witherspoon looks respectable and beautiful, proving that less really can be more.

Most of all, she looked wholesome. It's the kind of dress you could see Audrey Hepburn or Doris Day wearing, the perfect choice for a best actress nominee. Kudos!

Worst-dressed

SD: Naomi Watts' Armani Prive gown made several popular red carpet commentators' best-dressed lists. But I disagree.

Maybe it was the lighting, but the majority of the dress fabric reminded me of snake skin, which I don't generally associate with high-end formal wear. The cutout in the back revealed a sequin bandeau underneath that drew attention to her bare sides. It almost had an bejeweled swimwear feel to me -- which is edgy but not Oscar appropriate, in my opinion.

Amid all the timeless gowns and beautifully thought-out ensembles at the Oscars this year, it stands out as a low point.

CK: Gwyneth Paltrow is known for wearing timeless, elegant and simple dresses when she hits the Oscar red carpet, whether in the stunning white Tom Ford dress and cape she wore to the 2012 Academy Awards or the simple pink Ralph Lauren gown she wore when she won Best Actress for "Shakespeare in Love" in 1999.

She did not go so simple at this year's Oscars. The off-putting mound of ruffles on the shoulder of her pink Ralph and Russo Couture dress was over the top, especially when paired with the giant, gaudy Anna Hu earrings she chose to wear with it.

If the dress just had a clean shoulder or if she would've opted for a more subtle pair of earrings, this may have been a best-dressed moment, but the combination of the two show pieces was just too much.

And to top it all off, the gown did not appear to be tailored very well at the bottom, also diminishing her reputation for looking elegant at the Oscars.

BB: It was so difficult to choose just one worst-dressed winner for the Oscars, just as it has been this entire awards season. Unfortunately, Jessica Chastain takes the cake when it comes to boring, cheap-looking gowns. This year, she added some sequins and beads in what looked like a tank top from Charlotte Russe underneath a matching navy satin gown.

The sash neckline of the main gown swings so low and begins too far off the shoulders that it creates a horrible silhouette on her curves. The tank-portion looks like a cheap afterthought on an ill-fitting gown that puckers in all the wrong places. The Angelina-esque thigh-high slit in the skirt just adds another level of inappropriate to the already disproportionate dress, flat hair, boring diamond necklace and matching satin shoes.

In an effort to be nice about something she did right, her makeup looked just right. But, Jessica, next year, please up the ante.