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Leila Lopes has been the reigning beauty queen over the Universe for the last year, and while she has done nothing short of a flawless job, it’s time for her to pass the crown on. 

Last night, Planet Hollywood was swarming with some of the most fashionable celebs in the industry, eager to get a peek at who would be bestowed with the honor of Miss Universe 2012. 

PHOTOS: Miss Universe Takes Uncle Rush Out On The Town!

The red carpet saw the likes of everyone from a pregnant former Playboy Bunny, Holly Madison, to Stylist Brad Goreski and hostess of the night, Giuliana Ranic. 

Of course Donald Trump was on the scene, but our favorite appearance of the night was from Lord Disick himself, who was on hand to judge the competition. 

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Miss USA Olivia Culpo, a Boston University student, was the queen of the night in a red velvet Georges Hobeika Fall 2012 Couture gown.

Check out the photos of the red carpet arrivals in the gallery above.