When Celebrities walk on the red carpet for Oscar awards, they know very well that the world watches them.

Their gowns, suits, clutches and jewelry ... everything is a sight to be seen. In fact, the awards are only half the fun at the Oscars and what is equally important there is fashion, and everyone knows that.

Like every year, this year's annual Academy Awards too included stunning ensembles and gorgeous jewelry and accessories. Scroll down to see close snapshots of celebrity jewelry and accessories.