Each year, celebrities from around the globe flock to the romantic city of Cannes, France, where the annual film festival is held. This year’s festival, the 65th annual Cannes Film Festival, was held from May 16th to May 27th 2012. As the world’s most prestigious international film festival since 1946, which previews new films of all genres including documentaries, the Cannes Festival‘s red carpet sees unbelievable apparel and jewelry, including spectacular diamond jewels. Since the festival takes place over two weeks, the stars have the chance to shine in a variety of getups and jewelry choices. From the delicate Jessica Chastain to the elegant Naomi Watts and sizzling Diane Kruger, the starlets came out in full force on the Cannes Festival’s red carpet, dripping with jewels.

Jessica Chastain: The American actress wore Chopard jewelry, including a platinum ring set with an emerald-cut diamond and a pair of diamond and 18k white and rose gold earrings.

Actress Jessica Chastain Wore Chopard Diamond and Gold Earrings

Naomi Watts: British born actress Naomi Watts also dazzled in Chopard jewels. Her choice was a platinum necklace displaying 56.51 carats of diamonds and a pair of diamond and white gold earrings.

Irina Shayk: The Russian born model boasted a number of breathtaking looks at the festival, but one look that stood out in particular was the mini silver dress she paired with dangling white and yellow diamond earrings by the Swiss Jewelry company De Grisogono.

Model Irina Shayk Sported White and Yellow Diamond Earrings

Petra Nemcova: The beauty wore Avakian earrings from the Haute Joaillerie collection. The pair was studded with 500 diamonds as well as pear-shaped emeralds.

Diane Kruger: Looking as regal as ever, Kruger donned several looks over the course of the festival, always accessorizing with tasteful jewelry. The actress and model stunned in a Grecian style mint-green dress and a pair of diamond Boucheron earrings and bracelet.

Diane Kruger Boasted Boucheron Diamond Earrings

Jane Fonda: This delightful woman proves that age does not determine beauty. The 74-year-old rocked a number of ensembles, each complete with suitable jewels. Her crimson red long-sleeved number was classy and elegant, and looked stunning with her drop ruby earrings.

Lana del Rey: Going with the unusual Rats necklace from the Red Carpet collection, del Rey sparkled in the piece fully paved with grey and pink diamonds. Sticking to the colored diamond trend, she also sported a light yellow diamond necklace on another occasion.

Lana del Rey wore a Grey and Pink Diamond Rats Necklace from Red Carpet Collection

There was no shortage of celebrities and beautiful actors and actresses, known and unknown, at this year’s Cannes Film Festival, nor was there a lack of bling. The stars pulled out all the stops with their fabulous jewels, complementing their attire perfectly.

Red Carpet at the Cannes Film Festival 2012