Paltrow topped it off with platinum earrings by Neil Lane that boasted 7 carats of black-and-white diamonds, two platinum and diamond bracelets with a total of 100 carats, and a platinum ring with 5 carats of diamonds and black onyx. That’s serious wattage. Margulies took the biggest risk in a strapless Giorgio Armani Prive gown, with a stiff crescent-shaped bustier and embellished with clear oval stones and shimmery paillettes. It’s a look that required confidence — and it’s a good thing Margulies, who told E! she picked her dress late last night, has that. “If you watch the clothes she’s worn since coming back to the red carpet with ‘The Good Wife,’ you’ll see she makes incredibly sophisticated choices and she doesn’t walk around asking 175 people for their opinions,” said InStyle’s fashion director, Hal Rubenstein, about Margulies. “She always looks like herself. There’s something very grown-up and intelligent about her.” The early online buzz was about Michele’s sophisticated Marchesa dress: She wore the look of a seasoned star instead of starlet. She wore a plain-front, low draped back with rosette sleeves that really let her work the crowd. She gave fans lined up outside the Nokia Theatre in Los Angeles a big wink. If there were trends to emerge from the Emmy red carpet, it was the many red dresses worn by Michele, Nina Dobrev in Donna Karan and Sofia Vergara in Vera Wang, and the straight-from-the-runway electric blue looks. Claire Danes wore a fully beaded strapless gown in bright blue by Oscar de la Renta, Dianna Agron chose a Roksanda Ilincic and Amy Poehler was in a T-shirt-style iridescent dress by Peter Som. Katie Holmes, one of the last arrivals, wore a blue, silk-crepe dress with a tank top and cinched waist dress designed by Calvin Klein’s Francisco Costa, and Christine Baranski did sleek and chic in Zac Posen’s midnight-blue, double lapel gown. Two “Mad Men” sirens opted for sexy, beaded, head-turning looks, with Elisabeth Moss in a second-skin Marchesa and Christina Hendricks in a Johanna Johannsson with an open V-neck. “It was the only dress. I tried it on and it was perfect,” Hendricks said.