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OTRC: Naomi Watts portrays Princess Diana in first official photo from 'Caught in Flight'

Diana, Princess of Wales, smiles as she arrives at the Tate Gallery in London in this Tuesday July 1, 1997 file photo. / Naomi Watts appears in a still from the 2012 film, 'Caught in Flight.' (Ecosse Films)

Naomi Watts portrays Princess Diana in the first official photo from the upcoming biopic about the late royal's life titled "Caught in Flight."

In the photo, which was released on July 5, Watts is shown wearing a blonde wig and channels the beloved royal in a black dress and stunning jewels.

Production company Ecosse Films told the Associated Press that "Caught in Flight" will focus on the two years before Diana's death in a Paris car crash in August 1997. The film will be directed by Oliver Hirschbiegel, who is known for his film about Hitler's last days, "Downfall." Stephen Jeffreys, who penned "The Libertine" is the screenwriter for the project.

"Lost" star Naveen Andrews, 43, will portray Diana's rumored former boyfriend, heart surgeon Dr. Hasnat Khan. The pair's secret two-year affair was rumored to have ended just a few months before Diana's tragic death. The royal's friends reportedly referred to Khan as the "love of her life" and believed she dated Dodi Fayed to make him jealous.

According to The Hollywood Reporter, the actress described her casting as "an honor to be able to play this iconic role. Princess Diana was loved across the world, and I look forward to rising to the challenge of playing her onscreen."

The 43-year-old Australia-raised Watts received an Academy Award nomination for "21 Grams." She is also known for movies like "Mulholland Drive," "King Kong," "The Ring," and "Eastern Promises." Watts was last seen on the big screen playing J. Edgar Hoover's secretary Helen Gandy opposite Leonardo DiCaprio in the biopic "J. Edgar."

"The Help" actress and 2012 Academy Award nominee Jessica Chastain was previously rumored to star as the royal in the film.

Filming on the Princess Diana biopic began on July 1 and the movie is slated for release in 2013.

Diana, mother of the UK's Princes William and Harry and one of the most famous contemporary royal icons, was dating businessman Dodi al-Fayed when the two were killed in a car crash in Paris in August 1997 after being chased by celebrity photographers. The princess' televised funeral was watched by more than 2.5 billion people.

Diana has been the subject of films before. Amy Seccombe and Anthony Zaki played Diana and Khan in the 1998 film "The People's Princess - A Tribute."

Toni Collette of "United States of Tara" played the princess in a 1997 movie called "Diana & Me," while Nathalie Brocker portrayed her in the 1997 film "The Murder of Princess Diana," which also starred Jennifer Morrison of the shows "House M.D." and "Once Upon a Time."

The 1992 television movie "Charles and Diana: Unhappily Ever After" starred Catherine Oxenberg as Diana and "Cheers" and "West Wing" actor Roger Rees as her then-husband and sons' father, Prince Charles.

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