Fit for a princess! Racing heiress Kate Waterhouse wears a pink low-cut satin dress, expensive accessories and a $2430 Gucci tiara to Melbourne Cup

She is part of Australia's most famous and richest racing dynasties.

And heiress Kate Waterhouse channelled her inner princess at the 2022 Lexus Melbourne Cup on Tuesday.

The 38-year-old daughter of horse trainer Gai Waterhouse turned heads in a pale pink satin dress, along with some very pricey accessories.

Racing heiress Kate Waterhouse channelled her inner princess at the 2022 Lexus Melbourne Cup on Tuesday

Racing heiress Kate Waterhouse channelled her inner princess at the 2022 Lexus Melbourne Cup on Tuesday

All the pieces of Kate's ensemble were from high-end Italian label Gucci. 

The mother-of-two wore a Interlocking G crystal tiara on her head, which retails for around $2430, toted a pale pink $4,630 Jackie 1931 handbag and slipped $1,295 pink satin mules on her feet. 

It's not the first time the brunette beauty has splashed out on her outfit for a race day. 

The mother-of-two wore a Interlocking G crystal tiara on her head, which retails for around $2430

The mother-of-two wore a Interlocking G crystal tiara on her head, which retails for around $2430 

The socialite turned heads at the Australian Turf Club on Everest Day last month. 

She spared no expense to look good and stepped out in an outfit worth a whopping $75,000. 

She opted for the Louis Vuitton Monogram Tweed Polo Collar Dress, valued at an eye-watering $7,100. 

Kate also toted a pale pink $4,630 Jackie 1931 handbag and slipped $1,295 pink satin mules on her feet. She posed up in the Lexus marquee with fellow socialite and fashion influencer Nadia Fairfax

Kate also toted a pale pink $4,630 Jackie 1931 handbag and slipped $1,295 pink satin mules on her feet. She posed up in the Lexus marquee with fellow socialite and fashion influencer Nadia Fairfax 

Kate paired the chic dress with a statement handbag, carrying a Bulgari top handle purse from the Serpenti range valued at around $5,100.

She also appeared to be wearing a Jaeger-LeCoultre designer watch, which costs a massive $41,400. 

Kate additionally had on a Cartier bracelet, which appeared to be the Juste Un Clou in yellow gold, valued at $10,800

The model added a diamond bracelet, with similar ones costing in the $7000 range. 

Her snake themed heels were from Bottega Veneta, with similar ones coming in at around $3000.   

Nerida Winter straw hat that was tied with a grey bow, valued at between $400 and $600. 

Kate's mother, Australian horse trainer Gai Waterhouse, looked thrilled as she posed with co-trainer Adrian Bott after their horse White Marlin won Race 2, the The Macca's Run

Kate's mother, Australian horse trainer Gai Waterhouse, looked thrilled as she posed with co-trainer Adrian Bott after their horse White Marlin won Race 2, the The Macca's Run

It's not the first time the brunette beauty has splashed out on her outfit for a race day.  The socialite turned heads at the Australian Turf Club on Everest Day, held at Royal Randwick Racecourse last month.

It's not the first time the brunette beauty has splashed out on her outfit for a race day.  The socialite turned heads at the Australian Turf Club on Everest Day, held at Royal Randwick Racecourse last month.

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