Princess Anne wraps up in all-grey outfit and vibrant silk scarf at Cheltenham

In one image of her sheltering from the rain, Anne can be seen holding a khaki-coloured umbrella with a duck handle.

Similar to those produced by retailers James Smith & Sons, the pencil design appears like any other umbrella until you open it up.

As shown by Princess Royal, the handle of the accessory resembles a detailed duck head with fine carvings in the metal.

Though it is not confirmed to be a James Smith & Sons design, it could fetch somewhere in the region of £120, based on their website.