05/22/2012 02:45 EDT | Updated 09/06/2012 04:43 EDT

Kate Middleton Style: Would You Wear Her $2,000 Dress?

Much has been made of Kate Middleton's refreshing and low-key style. She can wear a frock on a budget; she can even recycle looks. But, it shouldn't be forgotten, she can also rock high-end glitz and glamour .

Over the weekend, Middleton wore a knee-length blush-coloured ensemble to the Sovereign Monarchs Jubilee lunch at Windsor Castle (in honour of the Queen's Jubilee).

The pleated dress, which reportedly cost $2,000, is made of double crepe wool and is designed by Emilia Wickstead.

The Duchess of Cambridge completed the look with ballet slipper heels and went sans stocking.

Now, we're not saying this look is a bad one -- on the contrary: Kate always looks incredible. But after she wowed us in this body-hugging number, we really started hoping she'd start wearing more colour.

What's your take on this look?

Check out the royals in all of their glory at the Sovereign Monarchs Jubilee event.

Photo gallery Sovereign's Jubilee Lunch See Gallery