'Gossip Girl' actress Blake Lively brightens up the red carpet in a sky blue peekaboo dress by Emilio Pucci. The cut doesn't really do much for her figure but it has a very princess-esque feel to it that is very beautiful. I do think she accessorized the dress perfectly though. The Fuschia heels and gold multiple gold bracelets add just enough character to the outfit.
(2 More Pictures of Blake at the 2011 Elle Style Awards inside...)