Penelope Cruz rocked up to the Calvin Klein show completely decked out in what looks like the designer's clothes. Signature CK simplicity. An assymetrical neckline on the grey sheath gives this classic a modern touch, and matching grey pumps keeps the look monochrome. I wish she wasn't wearing the coat though. It's nice, but too long for tiny Pene. She needed it to stop just below the dress.

Still, it goes to show that she can do fancy lace and Spanish ruffles, but look equally good toning it down with sleek minimalism.