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Now that's a wrap... dress! Naomi Watts sizzles in chic red frock with a plunging neckline as she heads out in New York

Published: 20:57 EST, 4 September 2014 | Updated: 04:46 EST, 5 September 2014

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It's a phrase more commonly used to end filming.

But Naomi Watts was obviously thinking about its other meaning when she stepped out in a glamorous red wrap dress, cut to show off her cleavage and give a thigh-high glimpse of her gorgeous gammes.

The 45-year-old actress was spotted in her glam get up leaving her apartment in the Soho district of New York on Thursday.

Satin chic: Naomi Watts shimmered in a shiny red wrap dress when she left her New York home on Thursday

The beautiful blonde's dress was cinched in at her slender waist and shimmered in the evening light as she walked along in high-heeled black sandals clutching a small black bag.

Naomi kept her hair and make-up simple, opting for a side-parted straight style for her tresses and gold and brown tones around her eyes. With a smudge of peach blusher and a slick of bronze lipstick, her look was complete.

The British-born Australian star stepped out without her hunky beau of 10 years, actor Liev Schreiber, with whom she has two sons, Sasha, eight, and Samuel, seven.

Revealing: The elegant drape of the material showed off the star's shapely legs and her cleavage

Taking a back seat: The beautiful blonde didn't have to walk far before being helped into a waiting car

The family recently got back from a beach vacation in Los Cabos, Mexico. They headed down south after Liev wrapped shooting on the new series of his hit Showtime drama, Ray Donovan.

Meanwhile, Naomi is the latest to team up with Tommy Hilfiger to help women living with breast cancer.

She has signed on as global ambassador for the U.S. brand's limited-edition handbag for Breast Health International, which aids the charity's Fund For Living.

Lady in red: Naomi attended the Atuzarra for Target launch in Manhattan

Beauties: Naomi posed with actresses Naomie Harris and Keri Russell at the event

Covered up: Keri wore an olive green trench coat paired with skinny jeans and brown heels

Her best foot forward: Ivanka Trump wore a cape-like dress paired with navy pointy heels

Current ambassadors include Renée Zellweger, Carla Bruni, Charlotte Gainsbourg, Naomi Campbell, Claudia Schiffer and a host of other famous philanthropic women.

The bag costs $299, with $100 of every purchase going to the Fund For Living program.

It will be available from the brand's website from September 25 and from certain Tommy Hilfiger stores globally from October 1.

Shore looked fun: Naomi and her partner Liev Schreiber enjoyed a day on the beach with their sons Alexander and Samuel in Cabo San Lucas, Mexico, last month