Princess Letizia Steps Out In Fur (PHOTOS, POLL)

Princess Letizia Steps Out In Fur (PHOTOS, POLL)

Spain's Princess Letizia stepped out to the "Francisco Cerecedo Awards" in Madrid on Wednesday night wrapped in a short-sleeved, gray fur coat. Before you go all PETA on her, we're guessing it's faux since we know she loves her some Zara and H&M.

She wore it with a black dress, beige peep-toe pumps, a bracelet and a clutch. We're also digging her pinned-back, curly 'do.

Take a look -- scroll down for some bigger pics -- and tell us what you think.

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