The 29-year-old actor was one of the actors honored, alongside Cate Blanchett
Diego was also seen in a vivid orange printed suit while arriving at the Excelsior hotel ahead of walking the red carpet at the event.
He stepped out for the Salvatore – Shoemaker Of Dreams and Fiori, Fiori, Fiori! premieres on Sunday evening (September 6).
Diego‘s movie, New Order, is in competition at the festival and is a dystopian drama that plays out as a group of people crash a society wedding.