By Kelsey Glein
Updated Nov 24, 2014 @ 2:32 pm
Credit: Getty Images

Diana Ross may have presented Taylor Swift with the first-ever Dick Clark Award of Excellence at last night's American Music Awards, but we should all consider ourselves blessed that the music legend graced the show with her presence. Ross showed up looking fierce and fabulous on the red carpet in a black long-sleeve velvet gown, a major ruffled cape crafted of feathers, and plenty of diamonds. Let's hear it for Diana!

"I'm really so happy to be here in your energy. It is so amazing. It's so exciting. I am really, really excited about being here. It's wonderful," Ross said after the audience gave her a standing ovation before presenting Swift with her award. With countless No. 1 hits under her belt while a member of The Supremes and as a solo artist (hello, "Ain't No Mountain High Enough"), Ross knows a thing or two about what it takes to make it in the music business—and Swift definitely agreed.

The "Blank Space" singer recognized the importance of having the trailblazer introduce her, and honored Ross in her acceptance speech. "I'm just so blown away to have just received an award from Diana Ross, who over the course of her career stood up for herself so many times in a time when it was not popular for a woman to stand up for herself," Swift said on stage. "I'm so honored."