Kate Middleton, Theo Fennell

Splash News/Theo Fennell/Sudocrem

The royal baby gifts are officially rolling in.

With the highly anticipated birth just days away, designers are busy creating the perfect gift ideas for Kate Middleton, but the latest lavish present may be the oddest one yet.

British jeweler Theo Fennell, whose celebrity clients include the Beckhams, Elton John and Madonna, has been commissioned by Sudocrem to create a jewel-encrusted, 18 karat white gold charm bracelet...that doubles as a diaper rash cream holder.

The high-end jewelry piece is reportedly worth over $15,000.

While it may seem glamorous at first glance, the bracelet features a small, jeweled container modeled after the Sudocrem diaper rash pot where the duchess can stash the perfect amount of diaper cream while still maintaining her always-stylish appearance (how convenient!).

After the baby arrives and the little one's name is revealed, the royal heir's initials will be engraved on a charm placed next to the pot to personalize the present.

However, Middleton will never receive the bangle, as the bracelet is being auctioned off and the proceeds will go to charity.

"We have decided to auction this very special bracelet to raise money for one of the Duchess' favorite charities," a Sudocrem spokesperson said. "In the spirit of giving it's about putting something back."

"I am thrilled to make this miniature pot and bracelet for Sudocrem," Fennell said of his latest design. "I understand the proceeds will be going to an incredibly worthwhile charity."

The extravagant bangle is the latest in a long line of presents for the mama-to-be, who is due to give birth to her first child with husband Prince William July 14.

The Finnish government recently sent the couple a Finnish baby box. The cardboard box, which is distributed to all expectant mothers in Finland and doubles as a sleeping vessel when empty, contains a mattress, mattress cover, undersheet, sleeping bag, duvet cover and blanket, various clothing items, as well as a number of grooming products.

Australian Prime Minister Julia Gillard also knitted a kangaroo for Will & Kate's bundle of joy, although she's been widely criticized for the gift.

While the world eagerly awaits the royal baby's arrival, photographers have already begun lining up outside St. Mary's London Hospital.

Middleton is set to give birth in the exclusive Lindo Wing, where Princess Diana gave birth to William in 1982 and Prince Harry in 1984.

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