Joan, Melissa Find No Fashion Flops
Monday February 28 11:00 AM ET

Joan and Melissa Rivers are singing the praises of the Oscar fashions, saying the simple, colorful gowns hit the right note.

Usually, the mother-daughter duo come off the red carpet and dish about the best and worst dressed "but there was no worst!" Joan Rivers said Monday on NBC's "Today" show. They are the fashion commentators for the TV Guide Channel.

"The women were beautiful," added Melissa Rivers.

Cate Blanchett's yellow one-shoulder Valentino gown, which had a wide maroon sash, was a hard look to pull off but she did it. "To wear maroon and yellow, and to look gorgeous ... that's a fashionista!" Joan Rivers said.

Among their other favorites from Sunday's Academy Awards in Los Angeles were Catalina Sandino Moreno, who wore a white hourglass slip gown with thick beaded straps by Roberto Cavalli, Renee Zellweger in a red strapless Carolina Herrera gown and Salma Hayek in a blue Prada gown with black beading and bows.

Melissa Rivers also admired Hayek's diamond and sapphire drop earrings by Harry Winston.

They explained that most of the jewelry is borrowed and must be returned immediately after the show, but it's common knowledge that Oprah Winfrey wears her own diamonds. "She buys," Joan Rivers said.

The few fashion missteps were taken by men. Joan Rivers picked on Spike Lee's white suit and Johnny Depp's blue-and-black tuxedo.

She did, however, single out Jamie Foxx, Pierce Brosnan and Warren Beatty as being elegant and handsome.