Mont Blanc's Grace Kelly Brunch at Hotel Bel-Air

On Saturday morning, the Oscar celebrations began with Montblanc Jewelry Brunch at the Hotel Bel-Air. It was a fete fit for Hollywood -- celebrating Princess Grace of Monaco and the new jewels that were created in her honor.

Guests sipped champagne and enjoyed viewing the shimmering diamond necklaces, earrings and bracelets. Chefs prepared omelets, pastries and mini creme brûlées for those who didn't want to wait in line for the delicious (and expensive) caviar.

"I think it seems like an appropriate place and time -- It's all about glamour and fashion -- to unveil jewels," said Teri Hatcher.

Attendees ranged from ingenues to old pros. Halston Sage, Kate Mara and Rosario Dawson posed for photos along side the classic faces of old Hollywood like Tippi Hedrin and Anne Jeffreys.

The one of a kind jewelry collection pays tribute to Grace Kelly's unprecedented style. The designs resemble the flower petals of a Grace de Monaco pink rose that were created for her wedding.

Browse images from the event below: