Sydney-born designer Catherine Martin says Miuccia Prada's costumes for The Great Gatsy reflect the Italian designer's shared vision with Baz Luhrmann.
Prada came up with around 40 pieces, including fringed evening dresses and gowns covered in sequins in bold emerald and gold tones.
"Baz and Miuccia have always connected on their shared fascination with finding modern ways of releasing classic and historical references from the shackles of the past," Martin, who is married to Luhrmann, told vogue.co.uk.
"This connection is central to our relationship with Miuccia Prada on The Great Gatsby and has connected our vision with hers. In the same way Nick Carraway [the story's narrator] reflects on a world that he is within and without, we have tried to create an environment that the audience will be subconsciously familiar with, yet separated from."
The movie is based on the novel by F Scott Fitzgerald and is set during the 1920s, following Carraway as he becomes obsessed with his glamorous neighbour Jay Gatsby.
The fashion takes in the floor-sweeping frocks that were popular at the time, with crystal embellishments and velvet also featuring.
Images of Aussie actress Isla Fisher in a bold red dress with floral detailing and a matching headband have already been released, while Carey Mulligan has been seen in pearl jewellery and a jewelled headpiece.
"Our collaboration with Prada recalls the European flair that was emerging amongst the aristocratic East Coast crowds in the '20s," Martin said.
"The fashions of the time saw the development of a dichotomy between those who aspired to the privileged, Ivy League look of wealthy Long Island and those who were aspiring to European glamour, sophistication and decadence. Our collaborations with Prada reflect the collision of these two aesthetics."
* The Great Gatsby opens in Australia on May 30.