She is set to take on the role of Queen Elizabeth II from Claire Foy in the eagerly-anticipated third series of The Crown.
And Olivia Colman, 44, looked sensational as she headed out at the 75th annual Venice International Film Festival on Thursday, where her on-screen predecessor Claire, 34, was also present.
Olivia cut an effortlessly regal figure in a chic black jumpsuit while Claire showed off her sartorial prowess in a striking floral dress.
Here comes Royalty! Olivia Colman, 44, (L) looked sensational as she headed out at the 75th annual Venice International Film Festival on Thursday, where her on-screen predecessor Claire, 34, (R) was also present
Olivia flaunted her flair for fashion in the gorgeous figure-skimming number, which she teamed with a eye-catching silver pendant.
A pair of black tinted shades complemented her short brunette locks and she enhanced her features with a glamorous coat of make-up.
Accessorising with a red clutch, Olivia looked in high spirits as she waved to on-lookers while making her way through the sunshine.
Olivia was rivalled on the style front by Claire, who looked flirty in a billowing halterneck floral number.
Olivia cut an effortlessly regal figure in a chic black jumpsuit, which she teamed with a eye-catching silver pendant
A pair of black tinted shades complemented her short brunette locks and she enhanced her features with a glamorous coat of make-up
Stylish touches: Olivia boosted her height in a pair of grey suede heels with a super cool black lace-up
Olivia was joined at the Excelsior Hotel with Nicholas Hoult
Handsome: The X:Men star cut a snazzy figure in a suit and printed shirt
The star’s pixie cut effortlessly framed her striking features with were enhanced with a rosy coat of blusher and mascara.
She too was unable to wipe the smile from her face as she continued on about her day at the glamorous annual event.
While Olivia has taken over the role of Queen Elizabeth II from Claire Foy, actor Tobias Menzies will resume the role of Prince Philip from Matt Smith in the news series.
They are joined on the star-studded cast list by Helena Bonham Carter, who will star as Princess Margaret, Jason Watkins as former Prime Minister Harold Wilson, and The Durrells star Josh O’Connor, who will play an older Prince Charles.
The group will follow in their predecessor’s footsteps and play the Royal couple for two seasons before the cast will change once again, in order to portray the characters accurately as they age.
The first series of The Crown was one of the most critically acclaimed dramas of 2016 – winning two Golden Globes and two SAG awards, and being nominated for four BAFTAs.
Additionally, the first two seasons have collectively bagged a whopping 26 Emmy nominations over the last two years.
The show, which has been met with overwhelmingly positive reviews, is the most expensive television series ever made – with the first series costing $100million to produce.
The second series dealt with the scandal surrounding Princess Margaret and Lord Snowdon, as well as swirling affair and divorce rumours between Elizabeth and Philip.
The third is thought to focus on the 1970s, and will introduce Camilla Parker Bowles to the cast, after her first meeting with Prince Charles in 1971.
The new series is expected to land on the online streaming site in 2019.