Lady in red! Princess Charlene of Monaco stuns in a silk evening gown as she joins husband Prince Albert and the Swedish and Italian royals at Grand Prix gala

Princess Charlene of Monaco paid tribute to the late Formula One driver Niki Lauda with a stunning red silk evening gown as she attended a Grand Prix gala last night.

The 41-year-old mother-of-three joined husband Prince Albert, 61, at the star-studded affair in the French city-state following ‘s victory in the race.

and Princess Camilla of Bourbon were also in attendance, with the Italian mother-of-one stunning in a floating cream gown with colour floral accents.

The royal pairings were joined by Prince Serge of Yugoslavia and his wife Eleonora Rajneri.

Dashing Prince Carl Philip of Sweden joined his father King Carl Gustav at the glamorous event, with both looking smart in tuxedo suits.

Former Olympic swimmer Princess Charlene wore her short blonde bob in a sleek up do and looked statuesque in the high-neck gown which showed off her gorgeous figure.

Prince Albert, who is the son of Prince Rainier III and Princess Grace, married Charlene, from South Africa, in 2011 before welcoming his twins into the world in 2014. 

Prince Albert also has two older children, son Eric Alexandre Stephane and daughter Jazmin Grace Rotolo, from previous relationships. 

Yesterday Charlene exchanged a kiss on the cheek with British racing driver Lewis Hamilton, who secured his fourth victory of the season on the tricky circuit. 

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Hamilton dedicated his win to the late Austrian champion Niki Lauda, who passed away on Monday last week aged 70 after a lung transplant operation which triggered a decline in health. 

British former Formula One racing driver Jackie Stewart also made an appearance at the gala, sporting a fun pair of tartan trousers and a velvet jacket.

Prince Serge also opted for a velvet jacket, while his wife Eleonora looked a picture of elegance in a grey and white pleated gown with cape sleeves. 

Princess Camilla, who became Italian royalty when she married Prince Charles, 55, in a Monte Carlo cathedral in 1998, wore her shoulder length blonde locks in glamorous Hollywood curls and accessorised with large statement gold earrings. 

The team of royals all posed for photographs with a group of people dressed in traditional costumes at the event. 

Hamilton led thousands of motorsport fans in paying tribute to Niki Lauda as he clinched his nail-biting victory.

After crossing the line ahead of Red Bull‘s Max Verstappen and Ferrari‘s Sebastian Vettel, the star took off his helmet and pointed at the Austrian icon‘s name which had been emblazoned on it.

The Mercedes driver said: ‘I was fighting with the spirit of Niki. I was just trying to stay focused and make him proud.‘

And although fading tyres caused the British F1 competitor some stressful moments on the track, he said of Lauda: ‘I definitely felt he was with me today.‘

Droves of spectators flocked to the historic street circuit to pay their respects to the three-time world champion.