| Academy Award Nominations and Winners: |
| ★ | Best Cinematography: Dion Beebe |
| ★ | Best Art Direction: John Myhre; Gretchen Rau |
| ★ | Best Costume Design: Colleen Atwood |
| Best Original Score: John Williams |
| Best Sound: Kevin O'Connell, Greg P. Russell, Rick Kline, and John Pritchett |
| Best Sound Effects: Wylie Stateman |
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| Golden Globe Nominations and Winners: |
| Best Actress (Drama): Zhang Ziyi |
| ★ | Best Original Score: John Williams |
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| Other Awards: |
| National Board of Review: Best Supporting Actress (Gong) |
| British Academy Awards (BAFTAs): Best Cinematography; Best Costume Design; Best Original Score |
| Satellite Awards: Best Adapted Screenplay |