The ring was first commissioned by Princess Diana in 1996 to replace her engagement ring after her divorce from King Charles. The ring is estimated to be worth $90,000 (£74,122), and Princess Diana wore it while doing charity work for the Aid Crisis Trust in 1997.
This evening, Meghan wore the ring to the Ripple of Hope Gala in New York, where she and Prince Harry are being awarded for fighting against “structural racism”.
The Duchess of Sussex first wore the ring in 2018 for her wedding reception, which she wore as her “something blue” as part of the wedding tradition to bring brides good luck.
However, Meghan’s custom dress also seems to fit the wedding theme, as the Duchesses’ long white Louis Vuitton dress at the award ceremony bore a resemblance to her wedding dress, designed by Claire Waight Keller.
Both dresses are sharply tailored, floor length and long-sleeved while also having an off-the-shoulder neckline, however, the dress worn this evening differentiated by featuring a thigh split down the middle.
Meghan accessorised the glamorous look with black pump shoes paired with a boxy black clutch.
She also wore long gold earrings and had her hair slid back into a low bun, which allowed her natural-looking make-up to be noticed.
Prince Harry wore a navy suit with a matching tie, which matched the award ceremony’s blue carpet event.
Despite the cold winter weather, Meghan was not wearing a coat, and quickly went down the red carpet without speaking to any press, but smiled for some pictures before attending the gala dinner.
READ MORE: Meghan dazzles in ‘drop dead gorgeous’ dress
The aquamarine ring is not the only piece of jewellery Meghan owns that once belonged to Princess Diana, as her engagement ring also features two diamonds that the Princess of Wales owned.
However, Princess Diana’s sapphire engagement ring now belongs to Kate Middleton, which was actually inherited by Prince Harry.
Maxwell Stone of leading UK jeweller Steven Stone said: “[Prince Harry] offered the cherished ring to his brother, Prince William, so he could propose to Kate Middleton with it.”
Prince William once said in an interview he gave the ring to Kate Middleton as he “thought it was quite nice because obviously, she’s not going to be around to share in the fun and excitement of it all.”
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Both Prince Harry and Meghan Markle are being honoured tonight by the Robert F. Kennedy Human Rights organisation, in which they will be receiving an award “in recognition of their work on racial justice, mental health, and other social impact initiatives through their Archewell Foundation.”
Alec Baldwin, who is hosting the award show, praised the pair for handing the current media attention, as he said: “I was kind of shocked for them to come here and do this, to handle difficult circumstances in the press without having too much difficulty. There’s always going to be certain difficulties.”
The Duke and Duchess’s appearance comes just one day after their Netflix documentary trailer released, which features footage of Princess Diana being harassed by the press.
The new trailer shows video footage of the late Princess of Wales, as well as Kate Middleton and Meghan Markle, being hounded by the media, featuring a voiceover from Prince Harry in which he spoke of “the pain and suffering of women marrying into this institution.”
Prince Harry also seems to reference the death of Princess Diana in the Netflix trailer, as she says: “I was terrified. I didn’t want history to repeat itself”.