Britain’s Prince Charles, Prince of Wales (R) sits by the The Imperial State Crown (L) in the House of Lords Chamber, during the State Opening of Parliament, in the Houses of Parliament, in London, on May 10, 2022. – The 96-year-old monarch, who usually presides over the pomp-filled event and reads out her government’s legislative programme from a gilded throne in the House of Lords, will skip the annual showpiece on her doctors’ advice. (Photo by Ben Stansall / POOL / AFP) (Photo by BEN STANSALL/POOL/AFP via Getty Images)

Weeks after Queen Elizabeth II’s state funeral following her death at age 96, we have new information on when the next royal ceremony will take place — King Charles’ coronation.

Last week, Bloomberg reported that King Charles’ official coronation will occur next year on June 3 at Westminster Abbey, almost 70 years after Queen Elizabeth was crowned on June 2, 1953. However on Oct. 11, Buckingham Palace officially revealed that the King will be crowned on May 6, 2023.

While Charles ascended to the throne immediately following the death of his mother, he will take the coronation oath and will be anointed, blessed and consecrated by the Archbishop of Canterbury next year.

Forbes reported that the King wants the ceremony, which has been planned for years, to be more “more cost-efficient and less flashy,” and will be shorter and smaller than past coronations. While Queen Elizabeth had 8,000 attendees, Charles’ will have 2,000. He also reportedly wants the ceremony to represent different faiths and reflect the diversity of Britain, and per Queen Elizabeth’s blessing, Camilla will be crowned queen escort during the ceremony as well.

Britain’s Prince Charles, Prince of Wales sits in the House of Lords chamber, during the State Opening of Parliament, at the Houses of Parliament, in London, on May 10, 2022. – The 96-year-old monarch, who usually presides over the pomp-filled event and reads out her government’s legislative programme from a gilded throne in the House of Lords, will skip the annual showpiece on her doctors’ advice. (Photo by ARTHUR EDWARDS / POOL / AFP) (Photo by ARTHUR EDWARDS/POOL/AFP via Getty Images)

Despite a pared-down approach, there’s nothing low-key about the Crown Jewels that will be involved. Charles will wear $4 billion of regalia which includes St. Edward’s Crown, the oldest and heaviest crown in Britain, which reportedly weighs five pounds and features 444 precious and semi-precious gemstones. He will also be decked with two Sovereign’s Sceptres, the Sovereign’s Orb, Sword of Offering, the Imperial State Crown and Sovereign’s Ring.

The latest royal news follows reports that came out earlier this week that Prince Harry and Meghan Markle are have “second thoughts” over their Netflix series that was slated to come out in December. They reportedly wanted to initially push the date following the death of the Queen, but now Page Six reported that the couple “are having second thoughts on their own story, on their own project.”

According to the outlet’s Netflix source, if Harry and Meghan “walk back content that they themselves have provided,” it could “effectively shelve the project indefinitely.”

Something that may be weighing on the couple’s mind is Prince Charles’ decision whether or not to give their children, Archie and Lilibet, titles. According to Vanity Fair royal expert Katie Nicholl, it was dependent on “what happens in the coming months, particularly with Harry’s book and their TV show.”