The 44-year-old actress stole the spotlight from the 47-year-old actor in a see-through top on the red carpet. Smith paired the revealing blouse with a matching skirt featuring the same delicate embroidery.
"It's truly an honor for me to perform at the Latin Grammys," the actor told People en Espanol magazine. "To be surrounded by so many artists who have made such an impact globally is really exciting for me."
Will Smith announced plans for a comeback tour in October, and will embark on the venture with DJ Jazzy Jeff in summer 2016. The actor and rapper last released Lost and Found in 2005, which peaked at No. 6 on the Billboard 200.
Smith and Will Smith married in December 1997, and share 17-year-old son Jaden and 15-year-old daughter Willow. The actress last appeared in Magic Mike XXL with Channing Tatum, while Will Smith is slated for Suicide Squad with Jared Leto.