Queen Letizia and King Felipe's new portraits by Annie Leibovitz are fit for royalty

King Felipe and Queen Letizia of Spain's new portraits are nothing short of regal.. Their Majesties look every inch the epitome of royalty in the diptych images taken by renowned photographer Annie Leibovitz.

The royal mom of two stunned in a vintage strapless gown by Spanish designer Cristóbal Balenciaga and with her hair styled down in waves. Letizia completed her glamorous look with a crimson shawl, and Queen Victoria Eugenie’s diamond earrings and the Diamond Rivière from the Joyas de Pasar, per The Royal Watcher.

Meanwhile, the King was dressed in a military uniform for the portrait reportedly taken in February in Gasparini Room at the Royal Palace in Madrid.  

The portraits are featured in the Banco de España's "The Tyranny of Cronos" ("La tiranía de Cronos") exhibition, which is open Nov. 27 through March 29, 2025. 

King Felipe celebrated 10 years on the throne this past June. Princess Leonor and Infanta Sofia's dad became the King of Spain in 2014 following Juan Carlos I's abdication. On the tenth anniversary of his accession, Felipe said (translated to English), "Ten years ago today I was proclaimed king before the Cortes Generales after taking the oath provided for in our Constitution. That June 19, 2014, I shared with all Spaniards my firm commitment to total dedication to Spain, based on the constitutional text. Ten years in the face of History may not seem like a long period, but in institutional and personal terms it is already enough time to take stock with serenity and perspective."

His Majesty continued, "I have adhered to the Constitution and its values - and I will always adhere to it - in the fulfillment of my responsibilities. They are a guide for the exercise of my functions. It was - and is - the commitment of a constitutional king, which transcends the demands of duty: it is also so on a personal and moral level, as a deep expression of my respect and loyalty to the Spanish people, to whom I am indebted. Today I reaffirm with enthusiasm and determination in that commitment that has permeated every gesture and every word in the past decade; in which I have ensured that this purpose is consolidated in all my actions as head of State."