Well, the dress has been found ... to be a fake!
The thief who took the gown says he took the dress from Lupita's room at The London after finding the door ajar.
[Image via WENN.]
The pressure is always on for Fashion Police co-host and Kelly Osbourne whenever the red carpet is rolled out!
Miss Kelly O set foot on the Oscars red carpet today in a black shimmery and strappy Tony Ward Couture dress!
For some added accessories, she donned some Norman Silverman earrings & went with a Judith Leiber bag to tie her look together!
Perhaps she got some help from co-host Joan Rivers?
We think she looks great in it, but it’s about time she makes a switch from that purple hair!
[Image via Getty Images.]