Princess Letizia of Spain (L) and Queen Sofia of Spain (R) attend the New Year's Military Parade at the Royal Palace on January 6, 2014 in Madrid, Spain.
(January 05, 2014 - Source: Pool/Getty Images Europe) see more angles »
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Queen Letizia of Spain Cropped Jacket

Princess Letizia looked very formal in a blue cropped jacket layered over a velvet gown during the New Year's Military Parade.