| Last updated
The statue - from sculptor Ian Rank-Broadley - is to honour what would have been the Princess Of Wales' 60th birthday, and a small ceremony was held to celebrate the tribute.
It was commissioned by Diana's two sons back in 2017, to mark her "life and legacy", and sits in Kensington Palace's sunken garden in Hyde Park - which was famously one of the Princess' favourite spots.
The 1.25x life size sculpture depicts Diana with three children, and aims to reflect the "universality and generational impact" of all her charitable work, while also portraying her "warmth, elegance and energy".
Her outfit - a smart pencil skirt with a more casual, open collared shirt and a buckle belt - was based "on the final period of her life as she gained confidence in her role as an ambassador for humanitarian causes and aims to convey her character and compassion", according to Kensington Palace.
Ahead of the ceremonial reveal, over 4,000 flowers were also planted in the garden, which took more than 1,000 hours in total.
The Princes said in a statement: "Today, on what would have been our Mother's 60th birthday, we remember her love, strength and character - qualities that made her a force for good around the world, changing countless lives for the better.
"Every day, we wish she were still with us, and our hope is that this statue will be seen forever as a symbol of her life and her legacy.
"Thank you to Ian Rank-Broadley, Pip Morrison and their teams for their outstanding work, to the friends and donors who helped make this happen, and to all those around the world who keep our mother's memory alive."
The statue was privately funded with the help of Diana's sister, Lady Sarah McCorquodale, as well as six others, including Julia Samuel, the late Princess' close confidante, and Prince George's godmother.
The small, Covid-19 compliant unveiling is the first time that Prince Harry and William have been together since the Duke of Edinburgh's funeral in April. Princess Diana's sisters were also in attendance at the ceremony.
It comes as the pair found themselves on rocky ground after Harry and Meghan's infamous Oprah Winfrey interview earlier in the year, in which some damning comments about royal life were made.
While the Princes admitted to not speaking immediately after the interview aired, Prince Harry's friends later revealed that conversations in the aftermath - which included allegations of racism within the royal family, and details of a row Meghan had with Kate Middleton - were fraught.
Gayle King - who is close to Meghan Markle, and even attended her baby shower - made the revelation while presenting CBS This Morning, stating in March: "The word I was given, those conversations were not productive. But they are glad they at least started a conversation."
Here's hoping that their combined efforts immortalising their mother's memory will have helped to heal the rift.
Chosen for YouChosen for You
Most Read StoriesMost Read