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Blake Lively Wears the Holy Grail of Braids at Cannes (Plus, See Her Gucci Gown from Every Angle)

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WireImage; Rex USA: WireImage

It’s true: We relish a Blake Lively red carpet cameo. And lucky for us (and all you other Blake style enthusiasts out there), we just got our second “Wow” moment of the month. After making jaws drop in a sequin champagne-hued Gucci Première gown at the Met Gala, the star is at it again in another head-turning design by the label.

Lively kicked off the Cannes Film Festival at the Grace of Monaco premiere in a oxblood chiffon dress featuring a thigh-high slit and open back detailing. (See it in motion at left!) And while it’s no surprise the face of Gucci fragrances is often dressed in their designs, we’re still always mesmerized by how perfectly they fit her. She accessorized with ruby-and-diamond Lorraine Schwartz statement earrings and gold Casadei sandals.

“Lorraine Schwartz made the most amazing earrings ever,” Lively told PEOPLE. “She actually made them for the Met, but we ended up thinking they would look better with this dress so we saved them for Cannes.”

RELATED: See even more can’t-miss Cannes looks!

Probably more captivating than the dress? Her long messy braid. From the front it looks like a basic slicked back pony, but from the back the mega-plait can be studied in all its glory. It’s a really fun formal braid look (though for a daytime style, we love Lively’s fishtail.)

Naturally, the face of L’Oréal Paris had an on-point beauty look as well — an allover bronze glow, heavily-lined smoky eye and nude lips. Really the only thing missing is her hot husband Ryan Reynolds on her arm. What do you think of Lively’s look? Does it top her Met Gala moment? Is she the Queen of Cannes so far? Share your thoughts below.

–Brittany Talarico