01:24 The awards are about to begin! Stay tuned to Grazia_Live on Twitter for the latest updates. C'mon Lupita!
01:21 This answers the age old question: what would Lady Gaga wear to the Oscars?
01:19 Blimey, Elsa Pataky (with Chris Hemsworth) might actually give birth on the red carpet.
01:16 It's a swarm of cute couples!
01:13 The Oscars: the perfect place to meet up with old mates.
01:07 Lupita's dress doubles up as a tray. Helpful.
01:02 Cute A-list moment: Cate lends J-Law a helping hand.
00:56 We love this:
00:52 Brangelina = King and Queen of the prom.
00:49 Bradley Cooper has got a new 'do especially for the occasion. We approve.
00:42 Three cheers for Brad Pitt and Angelina Jolie! #redcarpetroyalty
00:37 'She stole my look!' Sally Hawkins and Cate Blanchett clearly got the nude + glitzy embellishment memo.
00:34 Biggest trend of the night? Baby bumps.
00:30 J-Law is wearing red. And she's just tripped over. This makes the best Vine ever.
00:26 Mr Leto is getting in on the selfie action.
00:24 Ladies and gents, we give you Cate Blanchett. 'It's Giorgio Armani. It's heavy, but I love it,' she says of her gown. It might be the best thing we've ever seen.
00:20 Don't forget to scroll down to the bottom of the page to see all the best dresses on the red carpet, including this stunner:
00:18 Jessica Biel is in Chanel couture and decked head to toe in Tiffany jewels. Sadly hubby Mr JT is not with her. 'He's busy touring,' the actress explains, but she will be flying across the world to be with him tomorrow cos it's her BIRTHDAY!
00:17 What? Are Olga Kurylenko and Kellan Lutz a couple?!
00:15 Speaking of fashion mavericks, Pharrell is wearing shorts. SHORTS! And they're Lanvin. We can now forgive him for not wearing The Hat.
00:10 We're seeing a lot of identikit stars in nude dresses. Although we understand the pervasive need to play it safe and not appear on worst dressed lists, we need some fashion mavericks too please. Bring on Lady Gaga.
00:08 WELL HELLO JARED LETO. 'I never wear suits so it's a good excuse to go old school,' he says of his ensemble. And he looks HOT.
00:03 Anna Kendrick is giving us some Angelina Leg action tonight. Well someone had to.
00:01 'Surprisingly I never envisioned this night,' says Lupita. 'My dream was just to be an actor and I didn't know it would come with all of this.' As for her divine Prada gown, the actress reveals that it was made especially for her. 'It's a blue that reminds me of Nairobi so I wanted to have a little bit of home'.
23:59 Heads up: this is what Jared Leto's hair is doing tonight:
23:53 Pharrell is not wearing The Hat. Repeat: Pharrell is not wearing The Hat.
23:51 Hooray for Liza Minnelli bringing a dash of cobalt blue to proceedings.
23:49 Lupita's hairband is dividing opinion here at Grazia HQ. A matchy-matchy step too far or princess perfect?
23:48 Lupita Nyong'o looks mesmirising in a frothy, princess-tastic gown by Prada. Wowee.
23:47 Olivia Wilde and Jason Sudeikis = cutest couple in the world.
23:46 Amy Adams, wearing Gucci Couture with Tiffany jewels, talks about her kiss with Jennifer Lawrence in American Hustle. 'Jennifer has very full lips and her lipstick ended up all around my lips rather than on my lips,' she reveals. Saucy.
23:45 The lady is a vamp! Say hello to newly-brunette Margot Robbie.
23:42 It wouldn't be the Oscars without train dramas:
23:36 Pregnant star Olivia Wilde has dressed her baby bump in black Valentino. See the best-dressed bumps on the red carpet here. Amy Adams is also wearing black, FYI, courtesy of Gucci.
23:35 Insider info courtesy of Kelly Osbourne! Appaz, designers usually send over their gowns for the guests but this year, many designers actually flew into LA personally and half of the dresses got held up because of the rainy weather. Cripes.
23:34 Kristen Bell looks super pretty in a neutral Roberto Cavalli dress. 'I put it on and knew immediately because I felt a Frozen vibe, which is what I'm here for,' the actress says of her dress choice.
23:37 Ooh Pharrell is getting a new 'do especially for the night. But the question is: will he wear The Hat?
23:31 Sure you've got enough food there, guys?
23:26 Jared Leto is on his way. Prepare to swoon, ladies.
23:24 Thanks Lupita Nyong'o for this sneak preview. Is that a touch of coral we see?
23:19 Yikes, look at the stairs the guests have to tackle. Brace yourself, J-Law.
23:15 Coco Rocha is in the house looking marvellous in a lilac gown by Zac Posen, the same designer pal who created her wedding dress. The model is working her presenting skills for CNN tonight.
23:14 Can you IMAGINE stepping out of your limo and onto the Oscars red carpet? We would be quaking in our Manolos.
23:12 While we wait for the big hitters to arrive (yes, we've seen your dress from EVERY angle, Louise Roe), let's rewind to earlier today when this happened:
23:09 The stars are already all over Instagram. Hurrah! See the action through their eyes with our Oscars Instagram roundup right here.
23:07 First selfie of the night award goes to... Tyson Beckford. Hi!
23:03 Speaking of dresses, they're coming in thick and fast now. Stay tuned to our mega best dressed gallery here.
23:00 Jared Leto is 42? FOURTY-TWO?
22:58 Kelly Osbourne has changed outfits already. She first hit the red carpet in a Badgley Mischka dress, but is now in a black number. Eh? 'I couldn't walk up the stairs in it so I had to change into my pre-show dress,' she explains. 'I was so honoured to wear it and felt so pretty in it.' Oh but we would LOVE another J-Law moment.
22:54 Sparkly shoes alert! TV personality Johnny Weir (nah, us neither) has arrived in a fetching pair of glitzy slippers. Move over, Cinderella.
22:48 Shout out to the Oscars red carpet cleaner. Best dressed thus far.
22:47 Uh oh, will the Oscars be a wash out? Get those umbrellas at the ready, A-listers.
22:44 A win already for Hedi Slimane who's only gone and dressed the hostess with the mostess! 'I'm very honoured and flattered he wanted to put clothes on me,' says Ellen in her Saint Laurent ensemble.
22:41 Channing Tatum, Charlize Theron, Zac Efron, Emma Watson, Angelina Jolie... which presenter are you looking forward to seeing? Our vote is Channing, obvs. Want to see him rehearsing for the big night? Here you go.
22:38 Amy Adams is the only first-time nominee in the Best Actress category. Go Amy!
22:34 'Thanks to my pal Christopher Bailey!' says Ryan Seacrest who's looking dapper in a sharp white suit from Burberry.
22:30 We are good to go, people! Team Grazia Daily is full to the brim with coffee and stocked up with Haribo, ready to bring you every morsel LIVE from the Oscars.