Rumor: Christie’s to auction Elizabeth Taylor’s jewelry for charity

Elizabeth Taylor's jewelry collection is documented in the book Elizabeth Taylor, My Love Affair with Jewelry. Click here to purchase through Amazon.com.

Elizabeth Taylor’s jewelry collection is documented in the book Elizabeth Taylor, My Love Affair with Jewelry. Click here to purchase through Amazon.com.

NEW YORK – The Internet entertainment news site People StyleWatch – a division of Time Inc. – is reporting that Christie’s has been chosen to auction the fine jewelry collection of film legend Elizabeth Taylor, who died on March 23. A spokesperson for Christie’s declined to comment on the story.

Taylor’s treasure trove of important jewels is estimated to be worth more than $150 million. It includes a dazzling Bulgari diamond-and-emerald necklace, the legendary La Peregrina Pearl formerly owned by Spanish royalty, and Taylor’s favorite: the 33-carat Krupp Diamond.

Reportedly, the auction proceeds will benefit charities close to Taylor’s heart, including AMFAR and the Elizabeth Taylor AIDS Foundation.

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Elizabeth Taylor's jewelry collection is documented in the book Elizabeth Taylor, My Love Affair with Jewelry. Click here to purchase through Amazon.com.

Elizabeth Taylor’s jewelry collection is documented in the book Elizabeth Taylor, My Love Affair with Jewelry. Click here to purchase through Amazon.com.