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The Prince estate announced the creation of a new shade of purple inspired by his custom-made piano

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The Prince estate announced Monday the creation of a new shade of purple in honor of the late pop icon.

The purple hue, dubbed "Love Symbol #2," was created by the Pantone Color Institute and was inspired by Prince's custom-made Yamaha piano. Prince's purple piano was originally scheduled to go on tour with him before the performer's untimely death at the age of 57.

Prince Pantone Purple
This image provided by the Pantone Color Institute shows "Love Symbol #2," that the institute and the estate of the late music superstar Prince announced as a new shade of purple Monday, Aug. 14, 2017, named for his famous love symbol. He used the symbol as his name from 1993 to 2000 in a dispute with his record label, Warner Bros. Records. Prince also made the color his signature after his ‘80s hit “Purple Rain.” (Pantone Color Institute via AP)

"The color pays tribute to Prince’s indelible mark on music, art, fashion and culture," the Pantone Color Institute said in a press release.

Prince became associated with the color purple in 1984 when he released the video for "Purple Rain."

Purple Rain - Trailer

“The color purple was synonymous with who Prince was and will always be," said Troy Carter, the entertainment advisor to Prince’s Estate. "This is an incredible way for his legacy to live on forever."

The Pantone Color Institute added that "Love Symbol #2" will enable Prince's unique shade of purple to "be consistently replicated and maintain the same iconic status as the man himself."

Prince died in April 2016 of an opioid overdose, according to authorities.

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