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Bravo, Jessica Chastain! The actress celebrated the 50th anniversary of Cleopatra by watching the classic at a screening during the Cannes Film Festival yesterday, and after the showing, she teamed up with Bulgari to host a private reception where the Bulgari jewels Elizabeth Taylor wore in the film went on display. With that great honor comes great perks, including being able to wear one of the late legend’s pieces. She picked this Bulgari sapphire and diamond masterpiece. The stunning jewel is over 29 inches long. The sugarloaf cabochon at the center of the design is 52.72 carats. It was one of several stunning jewels Richard Burton gave Elizabeth Taylor for her 40th birthday. “I introduced her to beer and she introduced me to Bulgari,” Burton joked years later of his Bulgari shopping trips with Taylor. Gorgeous, don’t you think?

Plus, see more Cannes Film Festival fashion.

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• Elizabeth Taylor’s Jewelry Goes on Display at Cannes!
• Instagram Photos We Love from Cannes
• Getting Ready for Cannes with Ahna O’Reilly

Fifty years after capturing audiences across the globe, Cleopatra reigns again! The iconic Academy Award-winning movie starring Elizabeth Taylor—once the highest grossing film with $7 million earned in the initial release—has been restored to commemorate the milestone anniversary and today it screened as an official selection at the Cannes Film Festival. The world premiere viewing, hosted by Jessica Chastain, Kate Burton, daughter of Richard Burton, and Chris Wilding, son of Elizabeth Taylor, happened today. To cap it off, a reception following the premiere will include a display of Ms. Taylor’s personal jewels and an auction of an exclusive Bulgari design inspired by the star and benefitting her charity, The Elizabeth Taylor AIDS Foundation. The celebration extends to our office, where we’re prepping for the re-release with a look back at the epic filming. Click though to see the stunning shots from the Roman set, and catch Cleopatra back in over 200 theaters across the world beginning May 22.

With Lindsay Lohan’s debut as Elizabeth Taylor in Lifetime’s Liz & Dick last night, the TV movie about Taylor’s love affair with actor Richard Burton, it got us thinking about other actresses who played icons on screen. Jennifer Love Hewitt played Audrey Hepburn in the TV movie The Audrey Hepburn Story in 2000, while Michelle Williams channeled her inner Norma Jeane in My Week With Marilyn last year. Soon, Naomi Watts and Nicole Kidman will be adding regal titles to their resumes with Watts filming her role as Princess Diana in Caught in Flight and Kidman playing Grace Kelly in Grace of Monaco. So, with all of these actress-to-icon portrayals, we want to know—whose reenactment is most on-point? Cast your vote on InStyle’s Facebook page now! 

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• Celebrity Cleopatras: Elizabeth Taylor and More!
• See Erno Laszlo’s Marilyn Monroe Exhibit
• Elizabeth Taylor’s Most Iconic Pieces of Jewelry

Our favorite leading ladies know how to work a designer gown on the red carpet—so it comes as no surprise that they’re just as able to make what’s underneath those gowns look stunning, too! From Kate Hudson‘s Parisian lingerie to Angelina Jolie‘s leather bustier and even Elizabeth Taylor‘s curve-hugging slips, click through to see our top picks for the big screen’s steamiest lingerie moments. Christian Grey, eat your heart out.

— Meghan Blalock and Rose Walano