Elizabeth and her ex-husband David Emanuel created the late Diana's iconic princess-style dress for her wedding to Britain's Prince Charles in 1981.
Although she's never stopped designing, Elizabeth is excited for her latest venture, Emanuel Mayfair, and after receiving a cash injection from investors, she'll be ready to launch the brand in February 2018.
"It will have the spirit of Emanuel from the days when we made dresses some of the most of the most iconic women of the time like Elizabeth Taylor, Carolina Herrera, and Joan Collins, but is taking it into the present," Elizabeth told People.
"That whole period of time was wonderful but this will capture that but will also look contemporary and edgy. I'm bringing back the spirit in a new form after all these years. We will concentrate on bridal wear and evening wear - things to get dressed up in, pieces that are handcrafted and made to order."
The London-born designer will be relocating to a new studio and is hoping to bring out the first Emanuel Mayfair collection in either July or September.
"Our new studio is beautiful and is being renovated now for us to be ready in about a month," she beamed. "This is exciting. It shows that you if you never give up, good things happen. It is going to be a positive year."
Her ex-husband David has also stayed in the wedding dress business and helps soon-to-be brides find their perfect gown on the U.K. version of TV show Say Yes to the Dress.