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Liz Taylor ring sold for £5.6m

A diamond ring given to Elizabeth Taylor by actor Richard Burton sold for more than 8.8 million US dollars (£5.6 million) at auction in New York.

The 33.19-carat ring was part of Christie's sale of jewellery and other items from the collection of the late actress, who starred in National Velvet and Cleopatra.

Christie's says a private buyer from Asia purchased the ring, which was estimated to sell for 2.5 million to 3.5 million dollars.

A diamond bracelet given to the actress by Michael Jackson sold for more than 194,000 dollars (£125,000). Its estimated sale price was 30,000 to 50,000 dollars. Prices include the buyer's premium.

Other sales of Taylor's art, clothing and memorabilia will be held later in the week. An online-only sale of some items runs until Saturday.

Taylor died in Los Angeles in March at the age of 79.

A pearl known as La Peregrina, purchased at auction for 37,000 US dollars in 1969 by Burton for Taylor, reached a world record price of 11,842,500 dollars (about £7.6 million). It was estimated to sell for two million to three million dollars.

The price surpassed the previous auction record for a pearl, set in 2007 at Christie's New York with the sale of the Baroda Pearls for 7,096,000 dollars.

Taylor, a screen goddess who also starred in classics such as Giant, Who's Afraid Of Virginia Woolf? and Cat On A Hot Tin Roof, had pieces from some of the most famous names in the jewellery world, including Cartier, Van Cleef & Arpels and Chopard.

Her collection of impressionist and modern art is scheduled to go on sale at Christie's in London in February.

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From Belfast Telegraph