02/25/2011 04:18 pm ET | Updated May 25, 2011

Natalie Portman Hits Hollywood Fete In $50 H&M Dress (PHOTOS, POLL)

Pregnant Natalie Portman stepped out to the "Vanity Fair Campaign Hollywood 2011's Richard Mille Toasts Fox Searchlight Films" fete in Hollywood on Thursday night in a $49.95 H&M dress, Racked reports.

The frock is part of the brand's "Conscious Collections," "an ongoing range of women's, men's, and kid's wear constructed of greener and eco-friendlier materials including organic cotton, organic linen, recycled polyester, and Tencel, a renewable material that's produced with minimal environmental impact" that will hit shelves April 14.

Portman's red carpet moment marks another win for the fast fashion purveyor -- just several weeks ago, First Lady Michelle Obama appeared on "The Today Show" in a $34.95 H&M dress.

Take a look and tell us what you think.