London: Ralph Lauren has collected an accolade from Prince Charles: Honorary Knight Commander of the Most Excellent Order of the British Empire for Services to Fashion.

The designer was presented with the insignia, bestowed by the Queen, in a private ceremony on Wednesday at Buckingham Palace.

The Prince of Wales presents designer Ralph Lauren with his honorary KBE for Services to Fashion in a private ceremony at Buckingham Palace on Wednesday. Credit:AP

A company statement says Lauren is the first American designer to be recognised with an honorary knighthood. Other Americans to have received the honour in the past include philanthropist Michael Bloomberg, James D Watson co-discoverer of the structure of DNA.

Ralph Lauren Corporation has donated to a breast cancer research centre in London and plans to financially support a second centre as well.

Lauren said via email he's always been inspired by the history, traditions and culture of the UK and considers the knighthood a "very special moment" as he celebrates 50 years in fashion.

AP