Olivia Palermo strolled down the red carpet hand-in-hand with her longtime boyfriend Johannes Huebl when she attended the Princess Grace Awards Foundation Gala earlier this week in New York City.

To celebrate the event the socialite seemed to channel her inner Grace Kelly wearing a peach-colored Rochas dress, which she teamed with a matching Giorgio Armani fur stole.

While I usually like anything Olivia wears, to me, this felt a bit too ‘little girl playing dress up in mom’s closet’. The outfit was very matchy-matchy and the dress fits poorly around the bust.

She kept up the monochromatic look my pairing the ensemble with Charlotte Olympia pumps. Olivia smartly kept her jewelry simple—yellow diamond drop earrings and gold bracelets both by Carrera y Carrera.

Olivia opted for a navy clutch – which kills the look – a simple updo and natural makeup provided the finishing touches.

Do you think this ensemble is too costumey or just right?

Credit: Getty