Liz Taylor Diamonds To Be Auctioned Off

Got to wondering about Elizabeth Taylor's jewelry collection.  The actress loved her brilliant baubles.  Now's that she gone, what will be come of these beautiful pieces?  Some will probably go to family, but People Magazine is reporting that Taylor's brilliant collection-- estimated in part to be worth $150 Million -- will be auctioned by Christie's in the near future.

Part of what makes her collection so special is its quality, according to Luxury Jewels of Beverly Hills President/CEO Peter Sedghi, who worked with the star on her House of Taylor jewelry line. “She had the most amazing eye,” he tells PEOPLE. “To be honest, she knew more than I did [about jewelry]. When you would show her stones, she would tell you the origin, if it’s good quality, bad quality, where it came from.

“The studios, in order to make her happy, they’d always give her jewelry. So she grew up collecting it,” friend and celebrity jeweler Lorainne Schwartz explains. “People always gave her gifts … it was something that she learned to love.” And she took great care of them, too. “She [had] collections and collections, and rooms. She [knew] where every single piece was. [It was] amazing.” Of all her baubles — which included the 69-carat Taylor-Burton diamond (pictured, purchased for more than $1 million) — it was the 33-carat Krupp diamond, gifted to her by fifth husband Richard Burton, that she treasured most.

People Magazine