Liz Taylor Jewelry Auction Sets World Record

December 14, 2011 • Bling/Jewelry, Fashion Blog

If only I had $8.8 million. I could have owned The Elizabeth Taylor Diamond. That’s how much it went for at last night’s auction of Elizabeth Taylor’s famed ring from Richard Burton in 1968. Her gems last night for set a world record for the auction of one private collection and sold for a  stunning $115 million. Elizabeth Taylor died last march 23 at the age of 79.

Diamond, pearls, rubies and gold from “The Collection of Elizabeth Taylor” flew off the auction block at Christie’s New York in a final multimillion-dollar tribute to the late, two-time Oscar winner. A chunk of the proceeds will go to Taylor’s AIDS foundation.

Even though The Elizabeth Taylor Diamond was expected to be the big score it was a Cartier pearl and diamond necklace (again given to Taylor from then husband Burton) which was the night’s highest seller at $11.8 million. It had been expected to go for between $2-3 million. The 33.16-carat colorless diamond ring, was snapped purchased by Korean hotel conglomerate E-Land and will display it at its flagship Seoul hotel. Bummer. I had hoped to see it on the finger of another famous actress or royalty.

Other sales last night included:

  • The Taj Mahal diamond and jade necklace, which went for $8.8 million and set a world auction record for an Indian jewel.
  • A ruby and diamond ring (Burton’s 1968 Christmas gift)sold for $4.2 million and set a world auction record for dollar-per-carat of a ruby.
  • Ear pendants that Taylor designed herself — and that she wore at her investiture as a Dame Commander of the Order of the British Empire at Buckingham Palace in 2000 — fetched $1.4 million.
Source: NY Post
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