Among the haute fashionistas in attendance will be Nadja Swarovski, whose namesake company is underwriting the festivities.
And on Tuesday, Swarovski will be blogging for StyleList exclusively about her experiences at this year's awards.
In the interim, she has added to the increasing excitement by sharing this sketch (right) of what she will be wearing -- a one-of-a-kind black silk faille sheath dress created exclusively for her by Jason Wu.
It features butterfly embroidery and is crystallized with jet Swarovski beads that took 60 hours to stitch onto the garment.
Check back on Tuesday to find out how this special creation fared during fashion's big night.