Sharon Stone and Sarah Jessica Parker made sure all eyes were on them as they graced the red carpet for the opening of the 42nd Torino Film Festival in very glamorous ensembles on Friday.

Basic Instinct actress Sharon, 66, looked nothing short of incredible in a strapless sequinned dress, which boasted a corset-style top half and an intricate bejewelled pattern.

However, the showstopping element of her outfit was the dramatic ruffled red cape the actress wrapped around herself for the star-studded event in Turin, Italy.

At one point, fashion designer Paris Libby was seen holding up the end of it's long train as the glamorous star posed for photos. 

Sharon wore her short blonde hair in a slicked back style and opted for a glowy palette of makeup, including a dark lipstick shade, inkeeping with the bold red theme.

She seemed to be in extremely high spirits as she posed up a storm on the red carpet, before heading inside the event. 

Meanwhile, Sex And The City star Sarah, 59, showcased her elegant sense of style in a black crushed velvet midi skirt, which boasted a high leg slit.

The actress paired the smart attire with a plunging white shirt and matching black blazer.

She made sure to add the glam with a strappy pair of heals, featuring big diamante-encrusted silver bows, while toting around her belongings in a matching clutch bag.

Sarah added a long pearl necklace to her red carpet look and accessorised with sparkling silver earrings.

The blonde beauty wore her long tresses in loose waves and opted for a sultry palette of makeup for the star-studded event. 

She was joined by her actor husband Matthew Broderick, 62, who cut a dapper figure in a navy and black tuxedo. 

The longtime showbiz couple got married in 1997, one year before Sarah landed her lead role as Carrie Bradshaw on the beloved HBO sitcom Sex And The City.

They put on a loved-up display on the red carpet, with Sarah stopping to whisper something into her husband's ear.

During the opening ceremony, Sharon and Matthew were both presented with the Stella della Mole - a Lifetime Achievement award.

Matthew has headed the cast of movies like Ferris Bueller's Day Off and The Lion King throughout his career on screen and stage. 

Meanwhile, Sharon has impressed with  more than 150 film and TV credits, with her work including Basic Instinct and Total Recall.

The Torino Film Festival is an international film festival held in annually in November in Turin, Italy.

The extravaganza is the second largest film festival in Italy, following the Venice Film Festival. 

First established in 1982 as the International Youth Film Festival, it is a forum dedicated to supporting independent, first and second works, documentaries and linguistic experimentation.

Also in attendance and in recepit of the award was actress Rosario Dawson, who stunned in a strapless deep blue sequinned gown.

The Rent star accessorised with dangly gold earrings and opted not to wear a necklace, letting the dress speak for itself.