Having recently worn a bespoke Philip Treacy felt hat for the Christmas Day church service in Sandringham and a couture Ralph & Russo gown (estimated to cost a whopping £56,000) for her official engagement photos, we've been losing faith that we'll ever be able to recreate Meghan Markle's iconic fashion moments.
After all, dressing like a princess doesn't come cheap.
But according to reports, the 36-year-old bagged a bargain when it came to searching for the perfect outfit for her first royal Christmas with Prince Harry last week.
Hidden under a Sentaler wide-collar camel coat during her public appearance on Christmas Day, the dress features short, ruffled sleeves, a belted waist and cuts just below the knee.
Taking to Instagram, a representative from Club Monaco said: 'A very short term #fbf to Christmas Day when we got a peek at the lovely @meghanmarkle wearing our velvet Tay dress to visit the royal family.'
With Markle as our inspiration, here's an edit of our favourite velvet pieces to buy this season.
Let's start the year off right, shall we?