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Princess Letizia Ready For Spring, Clutches Coach Bag (PHOTOS, POLL)

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Spain's Princess Letizia looked ready for springtime at the "Discapnet" Awards in Madrid on Thursday in a pocketed-and-belted leather coat she ultimately ditched to reveal a printed frock.

She finished off her ensemble with booties and a Coach bag...possibly the first time we've seen her show off a label. We've read that she has a penchant for fast fashion, sometimes picking up pieces at Mango, but apparently we can add the accessories store to her hit list.

Check out her outfit and tell us what you think.

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