Red Carpet Central

Allison Janney, Sharon Stone and Angie Harmon (in Dior by John Galliano) engaged in some girl talk before the models strutted their stuff. "I once wore a diamond necklace and a bathrobe to do Good Morning America," laughed the always-chic Stone, when asked why the timeless diamonds are her best friend. "Next year we'll come in tiaras and evening gowns!"

VIDEO Go behind the scenes to see how the diamonds and dresses were selected and to mingle with the stars.