We spotted Emma Watson at the Lancome pre-BAFTA cocktail party in London, England, yesterday. She was cute as a button in a red dress with a lace bodice and big bow on her hip. She paired the look with ruby red lips, black nail polish and strappy heels.

The actress and her "Harry Potter" co-star Rupert Grint were recently named the highest-earning on-screen couple of the past five years. Forbes magazine and Box Office Mojo compiled the list based on onscreen chemistry and box office success. Watson & Grint helped to rake in $4.2 billion over the course of the study.

Emma stars in the upcoming film "The Perks of Being a Wallflower" about an introvert freshman who is taken under the wings of two seniors who welcome him to the real world.