Princess Charlotte, the 8-year-old daughter of Prince William and Catherine , Princess of Wales, is set to inherit Princess Diana 's iconic Spencer Tiara – much to the frustration of diva duchess Meghan Markle .

RadarOnline.com can reveal the dazzling jewelry piece has an estimated worth of at least $535,000 and is likely to go to Charlotte instead of Meghan and her husband Prince Harry 's offspring, Lilibet. Article continues below advertisement

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"The chances of Princess Charlotte or Princess Lilibet wearing the Spencer Tiara one day are certainly possible," said Maxwell Stone, a jewelry expert at Steven Stone Jewellers.

"But there are several key factors."

The Spencer Tiara , famously worn by Diana on her wedding

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