Princess Diana's jewellery collection, including her iconic sapphire engagement ring, has been passed to her sons' wives, the Duchess of Cambridge and the Duchess of Sussex. Prince William proposed to Kate Middleton with the same 12-carat oval Ceylon sapphire ring that Prince Charles gave to Diana. Prince Harry initially chose the ring after Diana's death but later traded it for a Cartier watch so William could use it for Kate.
Meghan Markle wore Diana's aquamarine ring to her wedding reception. Diana's will, dated June 1, 1993, with a codicil from February 1, 1996, left her estate in trust to her sons until they turned 25. Her mother and sister acted as co-executors and later obtained a secret variation order to distribute assets differently.
The estate included a £17 million divorce settlement, jewellery, and other belongings valued at £21 million. After taxes, the heirs received £13 million. A Discretionary Fund was created for William, Harry, their spouses, descendants, and charities, holding intellectual property rights, apparel, and £100,000. The fund lasts until 21 years after the death of the last surviving descendant of King George VI.
The Residuary Estate was split equally between William and Harry, held in trust until age 30. At 25, they gained access to income and could alter the trust's final disposition. Each prince's share was worth £10 million at age 30. Diana's Letter of Wishes requested that her jewellery be allocated to her sons' wives for their use.
