The Queen of Spain started the working week at an award ceremony. Her Majesty presented the second edition of the 'International Friendship Awards' with a ceremony held at the IESE Business School in Madrid.
The Awards aim to acknowledge the achievements and contributions of entrepreneurs to social progress, and to promote entrepreneurial spirit across the world.
Queen Letizia donned a familiar look, repeating the black knit top and Roberto Verino jacquard skirt she recently wore to the delivery of the Tomás Francisco Prieto Prize in February.
She arrived wearing her Hugo Boss 'Capina' cape first seen during a visit to Germany in October 2015.
Letizia carried her Nina Ricci 'Arc' clutch, and on her feet she wore her black LODI patent leather straight-vamp pumps.
She finished the outfit with her gorgeous Yanes diamond and citrine drop earrings.