Elizabeth Taylor’s diamond ring sold for $8,8mln

December 14, 2011 - 09:33 AMT

PanARMENIAN.Net - A 33.19-carat diamond ring given to Elizabeth Taylor by actor Richard Burton, whom she married twice, sold for $8,818,500 at an auction of gems, fabulous clothes, accessories and memorabilia amassed by the late actress, The Globe and Mail reports.

The ring, estimated to sell for $2.5-million to $3.5-million, was included in a collection of Taylor’s necklaces, earrings, pendants and rings and other gems that went on sale Tuesday, December 13 night at Christie’s auction house in New York City. The ring was purchased by a private buyer from Asia, according to a Christie’s spokesman.

Among the high-profile items was a diamond bracelet given to the National Velvet and Cleopatra actress by singer Michael Jackson, with an estimated sale price of $30,000 to $50,000. It sold for $194,500. All 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. Part of the proceeds will go to The Elizabeth Taylor AIDS Foundation, which she established in 1991 to help people living with AIDS.

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