See Kate Middleton's Lookalike Doll!

Kate Middleton Doll
The Kate Middleton Royal Engagement Portrait Doll
The Franklin Mint/Abaca

03/15/2011 AT 12:15 PM EDT

Move over, Barbie, there's a new doll in town.

The Franklin Mint, a company known for its celebrity lookalike collectibles, has unveiled the Kate Middleton royal engagement doll.

The hand-painted, limited edition collector's item – only 5,000 will be produced worldwide – will be available for $195 and comes with a display stand and certificate of authenticity.

And how authentic she is: The 16-inch Kate figurine comes complete with a miniature silk jersey dress quite similar to the blue Issa she wore when she and Prince William announced their engagement in November.

The doll will also feature a replica of her sapphire and diamond engagement ring, which belonged to William's mother, the late Princess Diana.

A second Kate doll will be available after April 29 featuring the bride's highly-anticipated wedding dress, jewelry and tiara. That doll retail for $295 and will be available this summer.

And unlike certain other pieces of royal wedding memorabilia featuring Kate's likeness (ahem, royal wedding coin), this one actually bears quite a strong resemblance to the future princess.

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