Cate Blanchett can do no wrong. The stunning Oscar-winning actress kicked off the Cannes Film Festival in grand style this week with a series of gorgeous ensembles–starting with an ice pink organza lamé cocktail dress by Giorgio Armani Privé that she complemented with a suite of jewels by Van Cleef & Arpels. For a press conference to promote her film, “Robin Hood,” Blanchett wore an elegant pair of “Cordes” diamond earrings set in yellow gold, dating from 1953 and plucked from a private collection (she also wore a “Sabre Japonais” diamond bracelet set in yellow gold dating back to 1958). I love the braided effect of the rope detail on the earrings–down to their simple tassel effect. The gold contrasts beautifully with her sun-kissed hair and pale complexion; in short, it’s true Hollywood elegance–minus any signs of conspicuous consumption. Blanchett has never been one to shy away from risk-taking, and these earrings, while not terribly outrageous, definitely do maintain a distinct aura to them.