Al Fayed commissioned the bronze statue, which shows his son and Diana holding hands and releasing a bird, after they were killed in a Paris car crash in 1997.
It remained there after he sold Harrods to the investment arm of Qatar's sovereign wealth fund in 2010.
But the store's managing director, Michael Ward, said it was now time to return it, noting that Diana's sons Princes William and Harry were commissioning their own statue to their mother at Kensington Palace.
"With the announcement of the new official memorial statue to Diana, Princess of Wales at Kensington Palace, we feel that the time is right to return this memorial to Mr Al Fayed and for the public to be invited to pay their respects at the palace."
Al Fayed has accused the royals of masterminding the death of Diana and his son, and as a result Harrods lost its royal warrant in 2000.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
