A prince regent or princess regent is a prince or princess who, due to their position in the line of succession, rules a monarchy as regent in the stead of a monarch, e.g., as a result of the sovereign's incapacity or absence. From Wikipedia
The enamelled gold band inscribed ‘Remember me’ for Princess Amelia is slated for Hansons’ Summer Fine Art Jewellery Auction on June 12 with an estimate of £3,000–£5,000.