Blake Lively’s Dress Is Sheer, Embroidered, and Fringed

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Blake Lively. Photo: PAUL BRUINOOGE/Patrick McMullan.com

Blake Lively wore a fringed dress from Marchesa's spring 2012 collection to the Gossip Girl 100th-episode party in New York City on Saturday. She accessorized with Lorraine Schwartz jewels and Versace gold sandals.

Do you like the busyness of this dress? And what about the embroidery that's also posing as nipple covers?