Last night Olivia Palermo proved there’s nothing more striking that a little black dress (well, a long black dress) attending the Prix de la Moda Awards 2012.

At the French Embassy in Madrid, Spain, Olivia kept things super simple – black maxi dress, up do and red nails, topped with a knock out hard case clutch bag.

We only wish we could see her heels. Bet there’s some major shoe-porn going on under that hem!

Other celebrities in attendance included Karl Lagerfeld and Isabeli Fontana.