Hours before her victory -- which she was the odds-on favorite to win -- Zellweger walked the red carpet and spoke with ET's Kevin Frazier and special correspondent Sharon Osbourne about her stunning outfit.
"It's simple and classic, but not," she said about her chic dress with a smile. She also talked to ET about her standout accessory -- a massive ring: "It's nice and soft. I won't be hurting anybody or snagging any dresses tonight."
Check out the video below for more on the Best Actress winner's big night at this year's Oscars.