Back in 1954, Grace Kelly won the Academy award for "The Country Girl," and this year Nicole Kidman, who portrays the movie star-turned-princess in "Grace of Monaco" could win it for the second time. .

Kidman won the Oscar for the 'Best Actress in a Leading Role' last time for "The Hours" in 2002. She was the first Australian actress to win the coveted award. Even though she was nominated in 2010 for "Rabbit Hole", she lost it to Natalie Portman who won it for "Black Swan".

"Grace of Monaco" is a biopic on Grace Kelly, the American actress who got married to Prince Rainier III and became the Princess of Monaco. Directed by Olivier Dahan, the movie is slated for release in November 2013.

The film has already been disapproved of by Grace Kelly's children. They believed that the subject is historically inaccurate and needlessly glamorised. They refuse to call this a biographical portrayal of their mother. On the other hand, the controversy involved with the film is not enough to belittle the intensity Kidman has put in while portraying the character. This performance has apparently given her a strong opportunity not only to get an Oscar nomination but to win it as well.

She told Le Figaro that the film might not be considered as a biopic of Grace Kelly as it dealt with just a brief period of Kelly's life. It was the time when Kelly exposed her weaknesses, fears and humanity as well.

Kidman was, however, apparently more impressed with the magnetic personality of the director while working on the character. She loved the time she spent in France while the production process continued for the film. The character of Grace Kelly has a striking similarity with Kidman's, as Kelly left her acting career to embrace the love of her life and become Princess Grace of Monaco.

Kidman is expected to face a tough competition at the Oscars from Naomi Watts (Princess Di) and Cate Blanchett (Blue Jasmine).