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  1. ITV Report

Princess Diana's 'Fairytale' dress to be auctioned

One of Princess Diana's most ornate of gowns is going up for auction in London this evening. The so-called "Fairytale" dress was designed by one of Diana's favourite designers, the Emanuels, in 1986.

The ornate gown, designed by David and Elizabeth Emanuel Credit: PA Wire

The princess bought the ball gown at a Red Cross auction, rather than commission direct from the designers.

The gown was worn by the Princess of Wales in 1986 Credit: PA Wire

More than 25 years later and the dress is expected to fetch between £50 and £80,000 when it goes under the hammer.

The 'Fairytale' dress could fetch up to £80,000 Credit: PA Wire

It was a favourite of Diana's and she wore it several times, including to the Royal Opera House for a performance by the Bolshoi Ballet and to the Leicester Square premiere of the James Bond film 'The Living Daylights'.