Kate Middleton's Wedding Dress Will NOT Be Made By Bruce Oldfield

Bruce Oldfield has broken his silence on Kate Middleton's royal wedding dress, finally confessing to Women's Wear Daily that he won't be making it.

The designer told the fashion newspaper, "It has been such a subject of rumor and speculation over the past months, but I am not designing it. We will all know [on Friday] -- and I thought I'd duck out of the 'possibles list' to give everyone 24 hours to place their final bets!"

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Oldfield was, at one point, the bookies' favorite with the odds 1-3 that he'd be making The Dress. In fact, Irish bookie Paddy Power put betting on hold thanks to a bunch of big-stake bets of more than £500, or $780. In December, a Paddy Power spokesperson said, "Although we didn't expect a betting plunge on the dress designer to happen quite so soon, when the stakes changed from fivers and tenners to hundreds of pounds, it appears as though the cat is out of the bag."

Oldfield also sat down with "Good Morning America" in February and remarked that when Kate Middleton steps out of the car and debuts her dress, it will be a "nightmare. I think nightmare. Whichever happens it's going to be a sharp intake of breath, isn't it? It's going to be...oh my god, what is she wearing? Or, oh, doesn't she look fabulous?" He did also say that he'd be dressing "a huge amount" of people at the affair.