The actress will be awarded the "World Diamond Group Platinum Award for Peoples? Friendship" at the Kineo "Diamanti al Cinema" event at the 68th Venice Film Festival for her contribution towards reconciliation and cultural harmony among people of different cultures.
Preity will be felicitated with a white olive tree, with its tree trunk sculpted off a block of Carrara hand-carved marble, and its branches and leaves fashioned out of 3, 333 grams of platinum and 3, 003 diamonds - 2, 503 marquise cut and 500 new 82 facets round cut - adding to a total of 366 carats.
Before leaving for the festival, an excited Preity posted on microblogging site Twitter Friday: "Its time 2 say goodbye 2 French Fries and Hi 2 French Fashion ! Yess... I will leave 4 Venice Film Festival Tomorrow. So excited."