Diana completed the look with a pearl necklace that featured an oval-shaped sapphire and diamond centrepeice, which was a repurposed brooch the Princess had been gifted by the Queen.
Just two months before Princess Diana tragically passed away, she auctioned off the Victor Edelstein gown, along with many other gowns she owned, to raise money for the Royal Marsden Hospital Cancer Fund and the AIDS Crisis Trust.
The velvet gown has changed hands numerous times since then, and once again, it’s up for auction. The gown is part of Kerry Taylor Auctions’ ‘Passion for Fashion’ auction on December 9.
"This is considered one of the most important and iconic gowns ever worn by the princess," Lucy Bishop of Kerry Taylor Auctions told The Independent.
The auction will also include two other pieces from Diana’s wardrobe - a custom royal blue Katherine Cusack evening gown that she wore in 1986 and a Catherine Walker navy blue wool dress.
The dress sold at auction in 2013 for roughly AUD$450,000. This time it’s expected to sell for over AUD$660,000.