Prince William and Prince Harry have arranged for a statue of the late Princess Diana to be erected in the grounds of Kensington Palace on the 20th anniversary of her death.
The brothers, who want to pay tribute to the “positive impact” of their mother’s life, will raise money for the statue privately.
William and Harry said: “It has been twenty years since our mother’s death and the time is right to recognise her positive impact in the UK and around the world with a permanent statue.
“Our mother touched so many lives. We hope the statue will help all those who visit Kensington Palace to reflect on her life and her legacy,” their joint statement added.
The royal brothers have convened a committee to commission and privately raise funds for the creation of the statue.
This committee will advise on the selection of the sculptor.
They will also work with historic royal palaces on the statue’s installation in the public gardens at Kensington palace.
Sculpting of the statue will begin soon but it is not currently known when the statue will be unveiled.
It is to be before the end of 2017, the 20th anniversary of her death.
The Diana, Princess of Wales Statue Committee will be chaired by their former private secretary Jamie Lowther-Pinkerton.
The committee members are John Barnes, Gerry Farrell, Diana’s sister Lady Sarah McCorquodale, Guy Monson and Julia Samuel.
Princess Diana died in a car crash in 1997 in Paris along with her boyfriend Dodi Fayed and the driver Henri Paul.
After her death there was a huge public outpouring of grief with a carpet of flowers laid outside her London home, Kensington Palace.
Eventually a memorial was created dedicated to her memory.
The “moat without a castle”, by American architect Kathryn Gustafson, was chosen from hundreds of entries by a government-appointed committee as the permanent tribute to the late princess.
The Diana, Princess of Wales Memorial Fountain in Hyde Park, was designed to express Diana’s spirit and love of children.
The fountain south of the Sepentine Lake had its cornerstone laid in September 2003 and it was officially opened on 6 July 2004 by the Queen.
Also present were Diana’s younger brother Charles Spencer, her ex husband The Prince of Wales and her sons.
Shortly after its opening and after three hospitalisations caused by people slipping in the water, the fountain was closed.
It reopened in August 2004, surrounded by a new fence, and people were prevented from walking or running in the water by six wardens.