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Cate Blanchett wows in stunning embellished gown with plunging neckline as she hits the red carpet for the London Film Festival premiere of her new movie Truth

Published: 13:52 EST, 17 October 2015 | Updated: 15:44 EST, 17 October 2015

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She's already won one red carpet in London this week when she stunned in a midnight blue dress at the premiere of Carol on Thursday night.

But fast forward to Saturday, and Aussie actress Cate Blanchett once again pulled out all the stops for the BFI London Film Festival premiere for her other major new movie, Truth.

The 46-year-old chose a colourful embellished gown for her big night, which showed off her enviable figure with its plunging neckline.

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So glam: Cate Blanchett wowed in an embellished gown for the BFI London Film Festival premiere for her new movie, Truth on Saturday night

Cate looked incredible in the statement dress, with the black velvet midi-length number brightened up with some intricate embellishment scattered across the bodice.

With a low-cute neckline, the dress perfectly highlighted Cate's figure and flawless skin, while she added a pair of glittering heels to amp up the glam factor.

The actress' blonde locks were styled into a chic up do, with a side-swept fringe.

What a dress! Cate looked incredible in the statement dress, with the black midi-length number brightened up with some intricate embellishment scattered across the bodice

Figure flattering: With a low-cute neckline, the dress perfectly highlighted Cate's figure and flawless skin, while she added a pair of glittering heels to amp up the glam factor

Look blooming beautiful in a floral dress like Cate's

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If you thought florals were just for summer, think again. Whilst long sunny days call for floaty flower print dresses in pastel hues, autumn is all about moody blooms in jewel tones.

And this leading lady, Cate Blanchett has hit the nail on the head with this couture piece from Schiaparelli's Fall/ Winter collection.

And while we'd love to say that you could shop this gorgeous dress, the sad/ disappointing thing about couture pieces is that they are often one of a kind.

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Starring together: Cate was joined on the red carpet in London's Leicester Square by her Truth co-star Topher Grace, who was dapper in head to toe black

The stunning star kept her makeup simple, adding a touch of rosy pink blusher and a glossy lip, letting her dress take the spotlight.

Cate was joined on the red carpet in London's Leicester Square by her Truth co-star Topher Grace, who was dapper in head to toe black.

It's the second glittering premiere for Cate at the London Film Festival this week, after she teamed up with Rooney Mara on Thursday for promo duties for their anticipated 1950s set drama Carol.

Meeting her fans: The gorgeous star, who has been in London to promote her two new movies Carol and Truth stopped to sign autographs

True story: In Truth, the Australian star plays producer Mary Mapes opposite Robert Redford 's US newsman Dan Rather

Back for more: It's the second glittering premiere for Cate at the London Film Festival this week, after she teamed up with Rooney Mara on Thursday for promo duties for their anticipated 1950s set drama Carol

In Truth, the Australian star plays producer Mary Mapes opposite Robert Redford 's US newsman Dan Rather, with the film documenting the controversy around a 2004 report on 60 Minutes about George W. Bush's national guard service.

Network CBS was forced to revoke the story amid a storm of controversy, and the ensuing scandal ended Marples' and Rathers' careers.

'It's emblematic of the problem that readers face in trying to get to anything resembling the truth,' the Oscar-winning actress, who plays Mapes in the movie recently told Reuters. 'The film asks, did the punishment meted out by CBS merit the so-called crime?'

The film has already led to buzz that the role could earn Blanchett her third Oscar. However, the actress may be her own worst competition, as there is also talk she may be also nominated for lesbian love drama Carol.