Miranda Kerr walked the red carpet at the Vanity Fair Oscar Party, and showed why she's one of the highest paid models in the world.

Orlando Bloom's ex-wife showed up in a cut-out gown by Emilio Pucci that revealed a lot of cleavage and skin. She also posed as the cameras flashed at the Wallis Annenberg Center for the Performing Arts in California, Sunday night.

"Clearly taking a leaf out of Hollywood's golden age," Daily Mail noted. "The 31-year-old added some serious sex appeal to the awards bash as she pulled out all the stops in the figure hugging, backless column number."

The Emilio Pucci gown clung to Miranda Kerr's figure "in all of the right places," and "the cut outs showed off her slender hips."

For good measure, Orlando Bloom's ex wore two diamond bracelets on her left wrist and a pair of huge diamond earrings to complete her look.

Orlando Bloom and Miranda Kerr split in 2013 and he's now seeing a mystery blonde. But the supermodel, who has custody of their son Flynn, was also linked to several men, including Australian casino mogul James Packer.

The model has been seen several times boarding James Packer's superyacht last year, including one time when she brought Flynn, which triggered the dating rumors.

But in an interview with Harper's Bazaar, Orlando Bloom's ex Miranda Kerr said that she's not seeing anybody right now.

"For the record, I'm single," the KORA Organics founder said. "What I'm trying to do right now, as I've always been the girl with the boyfriend, is to find that comfort within myself because it's quite easy to always look to other people to lift us up or make us feel better about ourselves."

"At the end of the day, it's really important to be comfortable with your own company and to feel good about that and not have to rely on anyone else," Miranda Kerr shared.