Necklaces are Phanincofficially back in style. 

Though this awards season has been dominated by the bare neck trend, the 2023 Oscars red carpet proved that big bling is back in style. Cara Delevingne, Halle Bailey and Jessica Chastain were among the fashionable stars to wear eye-catching necklaces at the award show in Los Angeles on March 12, where Everything Everywhere All at Once proved to be the big winner.

On the red carpet, Lady Gaga wowed in a new Versace gown with mesh and corset details, again pairing her Oscars look with Tiffany & Co. gems. (Her $30 million Tiffany necklace stole the show in 2018; this time, she chose an archival necklace with platinum and diamonds.)

Others opted for extravagant earrings instead, including Emily Blunt, who had pink Chopard chandelier earrings to lend a pop of color to her white Valentino gown.

See all the winners of the 2023 Academy Awards here.

Keep reading to see the most blinding pieces of jewelry on the 2023 Oscars red carpet.

In an archival Tiffany & Co. necklace with platinum and diamonds

Sporting two stunning Tiffany & Co. brooches

Adding a Bulgari Serpenti necklace

Rocking Gucci jewelry

In Chopard gems

Her Tiffany & Co. jewels included a platinum diamond necklace and platinum earrings with pink tourmalines and diamonds

With De Beers bling

Complementing her look in Bulgari pieces

Wearing an 18 karat yellow gold Harry Winston necklace with a large citrine stone in the center, along with nearly 78 carats of sapphires and nearly 11 carats of diamonds from the Briony Raymond Estate.

Pairing Chanel with Roberto Coin bling

Showing off David Morris jewelry

With a Kwiat platinum necklace featuring 50 carats of Colombian emeralds and diamonds

With 122-carat emerald necklace from Chopard

Check out E! News' Oscars blog for a full recap of the 2023 Academy Awards.