Penelope Cruz - MET Ball 2011 with Oscar de la Renta!

Penelope Cruz hits the red carpet in style as she arrives at the MET Ball held at the Metropolitan Museum of Art on Monday (May 2) in New York City.

The 37-year-old Spanish actress, who will star in Pirates of the Caribbean: On Stranger Tides later this month, brought designer Oscar de la Renta as her date to the event and wore one of his gorgeous gowns!

Penelope accessorized with nearly 100 carats of diamonds from Chopard and Jimmy Choo “Vita” platform sandals.