Hollywood's power couple Angelina Jolie and Brad Pitt looked glamorous and elegant at the 23rd Annual Producers Guild Awards in Beverly Hills Saturday.

While Pitt opted for a Gucci suit, Angelina selected a Michael Kors dress with long lace sleeves and thigh-high slit.

She paired the black outfit with Ferragamo heels and wore jewelry from the Style of Jolie collection. The collection is reportedly collaboration between Jolie and jewelry designer Robert Procop and features handcrafted pieces in precious gems like emeralds and tourmalines.

It has been reported that all the proceedings from this exclusive collection go to Jolie's charitable foundation, The Education Partnership for Children of Conflict.

From the collection, Jolie selected a 9.17ct Cushion cut emerald ring mounted in warm 18k rose gold, along with a pair of 17.40ct Cushion cut emerald earrings mounted in rounded 18k rose gold bezels.

Pitt was reportedly one of the esteemed names that was running for the night's top prize of producer of the year competing against names like Thomas Langmann (The Artist); Judd Apatow, Barry Mendel and Clayton Townsend (Bridesmaids); Jim Burke, Alexander Payne and Jim Taylor (The Descendants) among others.

The top prize at the event was presented to The Artist which is a silent comedy shot in black and white. Apart from the Producer's Guild, The Artist won the Golden Globe for best comedy or musical last week.

Angelina Jolie was given Stanley Kramer Award for her feature directorial debut, In the Land of Blood and Honey, a love story set against the backdrop of the Bosnian war.