The sculpture will be erected in the public grounds of her former residence, Kensington Palace.This will be the fourth London-based monument dedicated to Princess Diana, and will be close to the Princess Diana Memorial Fountain. The Princes hope the statue will be ready in time to be unveiled before the end of this year. “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,.” declared Princes William and Harry. The Princess of Wales died on 31 August 1997 in a car crash in Paris, when the Duke of Cambridge was 15 and his brother was 12. Debate as to how Diana should be remembered began almost immediately after her funeral at Westminster Abbey, an event watched by millions around the world.