06/06/2014 11:23 EDT | Updated 06/16/2017 01:03 EDT

Sandra Bullock Looks Like Royalty In Cobalt-Blue Gown (PHOTOS)

Sandra Bullock, is that you?

The 49-year-old actress looked like royalty during the ceremony for the 2014 AFI Life Achievement Award: A Tribute to Jane Fonda at the Dolby Theatre in Hollywood on Thursday. The "Gravity" star wore a beautiful cobalt-blue floor-length silky gown, with a contrasting pale yellow drapery in the back.

The gown, designed by Paris haute couture label Vionnet, featured a cut-out on the abdomen and side slits above the knee. Wearing only small silver studs, the star paired her look with a boxy Charlotte Olympia clutch and peep toe glittery pumps. And for makeup and hair, again she kept things simple: Bullock left her hair straight and donned black liner, nude lips and a very subtle pink blush.

The actress was joined by A-listers like Michael Douglas, Catherine Zeta-Jones and Meryl Streep to honour fellow star Jane Fonda with a lifetime achievement award in film.

What do you think of this gown? Let us know in the comments below: