Elizabeth Taylor Jewelry Auction House Includes $30 Million In Diamonds

The Elizabeth Taylor jewelry auction house is worth $30 million and includes a 69 carat diamond with 269 other pieces given to her by Richard Burton and Mike Todd.

There’s no doubt that Taylor had an unquenchable passion for the collection. She revealed her lust for the standout sparklers in her 2002 “My Love Affair With Jewelry” memoir. In the book, she described the sentiment behind each of her treasured pieces.

“I never, never thought of my jewelry as trophies,” she wrote. “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,” Taylor wrote.

One of the pieces, a 33.19-carat diamond ring given to her by Burton, is expected to sell for $2.5 million to $3.5 million at the auction.

The Associated Press recently viewed dozens of her most iconic pieces at Christie’s auction house, which is selling the jewelry collection. “They’re from moments in life that were very dear to her,” said Christie’s jewelry expert Rahul Kadakia.

“Jewelry was a way of life for Elizabeth Taylor. They were her friends. She enjoyed wearing them, and it gave her a lot of pleasure because they reminded her of the great moments in her life, the great places in her life,” Kadakia said.

Taylor once stated: “You can’t cry on a diamond’s shoulder, and diamonds won’t keep you warm at night, but they’re sure fun when the sun shines.” At her death, her entire jewelry collection was reportedly worth $150 million. All the iconic pieces will be sold at auction on the evening of December 13, 2011.