Belfast Telegraph

Elizabeth Taylor jewels set world record

The Elizabeth Taylor Collection has set the world record for the most expensive collection of jewels sold in one night.

The late star's personal items were expected to fetch $30 million, but instead made $115,932,000.

The sale took place at Christie's in New York last night and it had set the new world record before it had even finished.

The lot included the Taj Mahal ruby and gold chain by Cartier which set its own best for the highest price of an Indian jewel. It sold for $8,818,500 - approximately 20 times its estimated worth.

The La Peregrina necklace was also sold. The diamond, ruby and pearl necklace with a 16th century pear-shaped pearl pendant is thought to be one of the finest pearls in the world. It fetched $11,842,500and the crowd applauded when the hammer went down on the opulent object.

"This is without a doubt the greatest private collection of jewellery ever assembled in one place," Marc Porter, chairman and president of Christie's Americas said in a statement.

The most anticipated piece of the evening was the Elizabeth Taylor Diamond.

The 33.29 carat Asscher-cut ring and was given to Elizabeth in 1968 by her husband at the time, Richard Burton. It was expected to reach $2.5 million-$3.5 million and it sold for $8,818,500.

In her book, My Love Affair with Jewellery, the Hollywood starlet wrote about how she hoped her jewellery would continue to be loved even after she had died.

"I never, never thought of my jewellery as trophies. I'm here to take care of them and to love them. When I die and they go off to auction I hope whoever buys them gives them a really good home," she wrote.

A portion of profits raised by admissions, events and select publications related to the sales will be donated to The Elizabeth Taylor AIDS Foundation.

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From Belfast Telegraph