Matching her ice blue eyes, Bar Refaeli (37) threw herself into an elegant oversized pants suit all in baby blue at the cancer ball charity dinner of "Elle" magazine on Thursday evening in Madrid. Underneath, the model wore only a black bustier and showed a lot of décolleté. The view also fell on Refaeli's taut and well-trained stomach.

In addition, the Israeli combined a pair of black stilettos with a slight heel. She styled her blond waves in the trendy sleek hair look and let them fall over her shoulder. When it came to accessories, the mother of three used silver stud earrings. A natural, no-makeup look highlighted her clear skin complete with freckles.