Mila Kunis looked gorgeous at the SAG Awards tonight in a flaming red Alexander McQueen chiffon gown and more than $300,000 worth of Cartier jewelry.

The Black Swan hottie was nominated for Outstanding Performance by a Female Actor in a Supporting Role for her work in the Darren Aronofsky film.

We think it's finally time for Mila to get the recognition she's due with the critical success of Black Swan and the upcoming Friends With Benefits in which she stars opposite fellow up-and-coming actor Justin Timberlake (what? no, seriously ... Alpha Dog was good but his part in The Social Network was outstanding and now we're awaiting FWB).

Beautiful and talented -- not a bad combo!