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Michelle Williams is resplendent in a glittering, form-fitting black gown as she joins effortlessly stylish co-star Julianne Moore for the premiere of their movie Wonderstruck at 70th annual Cannes Film Festival

Published: 10:46 EST, 18 May 2017 | Updated: 17:17 EST, 18 May 2017

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After putting on the most stylish of displays at a photocall for their new movie Wonderstruck on Thursday afternoon, Michelle Williams and Julianne Moore pulled out all the stops for the big premiere later that evening.

Stepping out for the second day of the 70th annual Cannes Film Festival, Michelle glided onto the expansive red carpet at the iconic Palais des Festivals in a glittering, form-fitting black dress, which featured a plunging neckline.

Her floor-length number boasted capped sleeves, which - when blended with her bleached and chopped pixie cut - gave the 36-year-old actress a sleek and polished futuristic look.

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It's showtime! (L-R) Michelle Williams and Julianne Moore attended the premiere of their new movie Wonderstruck at the Cannes Film Festival's Palais des Festivals on Thursday evening

The extra material capping the sleeves of the mother of one's stunning gown culminated in a gathering of material at the base of her backless number, giving it something of a cape-like appearance.

And while the gown - which featured a darkened panel down the front, was cut at the perfect length to graze the red carpet laid out for the festival, a thigh-high slit added an edgy touch.

Michelle opted to forgo accessories, going jewellery-free as she allowed her gown to do all of the glittering on her behalf. She also went light and minimal on the makeup, letting her natural beauty shine through.

Not to be outdone, 56-year-old screen siren Julianne made quite the entrance at the show-stopping screening, gracing the red carpet in a textured white midi dress, which boasted a feathered overlay.

Form-fitting: Michelle glided onto the expansive red carpet at the iconic Palais des Festivals in a glittering, form-fitting black dress, which featured a plunging neckline

Futuristic: Her floor-length number boasted capped sleeves, which - when blended with her bleached and chopped pixie cut - gave the 36-year-old actress a sleek and polished futuristic look

Having a laugh: The criticially-lauded actresses hugged and laughed as they posed for photographs alongside each other

Cape: The extra material capping the sleeves of the mother of one's stunning gown culminated in a gathering of material at the base of her backless number, giving it something of a cape-like appearance

Natural beauty: Screen star Michelle opted to go light and minimal on the makeup, letting her natural beauty shine through

Standing tall in a pair of silver strappy heels, the Oscar-winning actress teamed her gown with a large, glittering statement ring on each of her hands, while oversized diamond curled earrings added a further touch of pizzazz.

Her signature fiery red tresses rested about her shoulders in a series of soft waves, while her alabaster complexion was given dusted with a light application of naturally-hued makeup.

Ahead of the big premiere, the actresses also wowed at the movie's photocall earlier in the day, as Michelle stepped out sporting a thigh-grazing look alongside her glamorous co-star Julianne.

Soaking up the French Riviera sunshine, the American screen siren was a vision of beauty as she posed for snaps ahead of her new flick's premiere.

All white on the night: Not to be outdone, 56-year-old screen siren Julianne made quite the entrance at the show-stopping screening, gracing the red carpet in a textured white midi dress, which boasted a feathered overlay

Feel flirty in a flutter sleeve with Michelle's Louis Vuitton dress

Louis Vuitton dress

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She's somewhat of a muse to French design house Louis Vuitton so it's no surprise to see Michelle Williams wearing a dress by the iconic label on the red-carpet at tonight's event at Cannes Film Festival.

We adore the midnight blue hue contrasted with a subtle lighter fabric and off-set with twinkling diamante detail. The frill cap sleeves and ruffle cape feature add the finishing flourishes.

It looks amazing on Michelle who eschewed any form of accessories save for one bling-tastic cocktail ring. It's all about the sparkle tonight clearly!

For us, it's also all about those cute frill sleeves too. Ruffles and frills were huge this season and popped up on the catwalk at the likes of Saint Laurent, Gucci, Louis Vuitton and more.

It's the perfect eveningwear trend to try and the high-street has some great styles to get the look. Our favorite has to be Topshop's angel sleeve number but the picks by TFNC, True Decadence and James Lakeland are also perfect for giving a nod to Michelle's Louis Vuitton original.

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Chatting: The beauties merrily chatted away in between posing for the plethora of photographers gathered on the red carpet

Pizzazz: A pair of oversized diamond curled earrings added a further touch of pizzazz to the Oscar-winning actress' look

Fiery red tresses: Julianne's signature fiery red tresses rested about her shoulders in a series of soft waves, while her alabaster complexion was given dusted with a light application of naturally-hued makeup

Climb: The stars carefully made their way up the grand staircase as they prepared to settle into their seats for the screening

Showing off her enviably long and lean legs, the Oscar nominee dazzled in a printed floral mini dress with dramatic flared detailing on the shoulders.

Cinching in at her slender waist, the garment highlighted her sensational figure whilst remaining demure, grazing the tops of her tanned and toned thighs.

Giving her diminutive frame an extra boost, the stunning starlet donned a pair of barely there black heels, whilst her only accessory was a pair of beige circular shades.

Boasting her pixie crop, the mother-of-one worked a fresh beauty look with a glowing rose blush across her cheeks.

Puckering up! T.J. Miller and Kate Gorney were also seen attending the premiere - and they shared a kiss for all to see

Contrasting: Sandy Powell made an entrance to remember in a striped blue gown, which contrasted her bright orange hair

Elsewhere, Julianne looked incredible in her emerald green ankle-skimming dress which highlighted her narrow waist with a fabric black belt.

Her choice of garment accentuated her radiant alabaster skin and flame-coloured hair as she tackled a number of steps towards the cinematic event.

The Oscar winner teamed her fashion forward look with a pair of black platform sandals and kooky retro inspired shades.

Michelle stars as Elaine in Wonderstruck, alongside Julianne, Oakes Fegley and Amy Hargreaves in the eagerly anticipated movie.

Breathtaking: Amber Valletta looked breathtaking in an orange floral gown, which featured a layered, asymmetrical design

Strike a pose! The model and actress peeled out her trusty iPhone to take a snapshot of the bustling action surrounding her

Glittering: The 43-year-old beauty lit up the red carpet with a range of accessories that included an elaborate diamond choker

The film, which is adapted from a novel by Brian Selznick, covers two different time periods, telling the story of a young boy in the Midwest and a girl in New York.

Wonderstruck is competing for Palme d'Or - the most esteemed prize at the festival.

Wonderstruck is one of 49 films being screened at this year's festival with two of the final flicks produced by streaming service Netflix - Okja and The Meyerowitz Stories.

However the decision to include them didn't go down well with film purists and since the cinematic event has announced that from 2018 only movies set to be released on the big screen will be considered for selection.

Squad: Actresses Michelle and Julianne joined (l-r) director Todd Haynes, actor Jaden Michael, producer Pamela Koffler and screenwriter Brian Selznick

Strappy heels: Standing tall in a pair of silver strappy heels, the Oscar-winning actress teamed her gown with a large, glittering statement ring on each of her hands

Mingling: The actresses were seen greeting and mingling with a long line of well-heeled attendees at the big unveiling

So excited: Looking dapper in an all-black ensemble, Jaden could barely contain his excitement as he lapped up the festivities

Tale: Wonderstruck, which is adapted from a novel by Brian Selznick covers two different time periods, telling the story of a young boy in the Midwest and a girl in New York

Glam: Julianne and Michelle later attended another glamorous event together following the premiere

Dazzling: The pair both commanded attention in their contrasting gowns, both opting for classic pieces

Guests: The actresses, pictured with Roy Price, were at a party held in honour of their film Wonderstruck at Nikki Beach

Co-stars: The cast of Wonderstruck were out in full force, including young star Millicent Simmonds (R)

Talented: The star-studded cast means that the film, which covers two time periods, is hotly-anticipated

Stunning: Julianne was a vision in white; while actress Charlotte Carroll (R) went for a feminine icy blue frock

All smiles: Julianne stars as Lillian Mayhew in the film, while Millicent plays Rose. Michelle stars as Elaine in the movie

Leading this year's esteemed jury is Volver director Pedro Almodóvar for the 70th annual film festival taking place May 17-28.

Joining him is Golden Globe winner Jessica Chastain, actor Will Smith, X-Men star Fan Bingbing, actress Agnès Jaoui, director Paolo Sorrentino, German writer-director Maren Ade, filmmaker Park Chan-wook and composer Gabriel Yared on the jury.

Apart from films, A-list stars are set to attend a number of star-studded bashes throughout the festival including the AmFar Gala at Hôtel du Cap-Eden-Roc and Chopard's annual bash at Port Pierre Canto, co-hosted by Rihanna.

Returning to Cannes, Cheryl's ex husband Jean-Bernard Fernandez-Versini will launch his new pop up restaurant Versini on the rooftop of the Five Seas Hotel.

Black to basics: Tiziana Rocca, left, and Giulio Base arrived at the event in smart and polished black ensembles

Competing: Wonderstruck is competing for Palme d'Or - the most esteemed prize at the prestigious annual festival

Stiff competition: Wonderstruck is one of 49 films being screened at this year's festival with two of the final flicks produced by streaming service Netflix - Okja and The Meyerowitz Stories

Judge and jury: Leading this year's esteemed jury is Volver director Pedro Almodóvar for the 70th annual film festival

Parties: Apart from films, A-list stars are set to attend a number of star-studded bashes throughout the festival including the AmFar Gala at Hôtel du Cap-Eden-Roc and Chopard's annual bash at Port Pierre Canto, co-hosted by Rihanna

Restaurant: Returning to Cannes, Cheryl's ex husband Jean-Bernard Fernandez-Versini will launch his new pop up restaurant Versini on the rooftop of the Five Seas Hotel