The 71st Golden Globe Awards were held in Beverly Hills, California on January 12.

This year, Hollywood's leading ladies appeared to favor shimmering champagne, silver and gold, along with bright reds and black lace for their dresses for the grand event.

Here's our editor's picks for the best and the worst dressed stars on the red carpet.

First, the best dresses.

1. Emma Watson in Dior Couture Fall 2012

Editor's comment:It takes a brave soul to wear red on the red carpet, and an even more confident mind to wear something that's not very 'formal.' Compared to other Hollywood's leading actresses that put on glitter and structured fabrics, Emma Watson looked like she had two pieces of clothes that had just been dyed at the textile factory hanging on her back. But, this is what makes her beauty stand out. Young, chic and lively, who else but her can pull it off?