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Elizabeth Taylor jewelry auction fetches millions

Auction house employees speak on the phone to bidders under pictures of Elizabeth Taylor at Christie's, where hundreds of items once belonging to the iconic actress went on the auction block in New York.
Auction house employees speak on the phone to bidders under pictures of Elizabeth Taylor at Christie's, where hundreds of items once belonging to the iconic actress went on the auction block in New York.Spencer Platt / Getty Images

Elizabeth Taylor's jewelry collection fetched a record-setting $115 million — including more than $11.8 million for a pearl necklace and more than $8.8 million for a diamond ring given to her by Richard Burton — at an auction of gems and other memorabilia amassed by the late actress.

The 33.19-carat diamond ring given to Taylor by the actor she married twice sold for $8,818,500. The pearl, diamond and ruby necklace, known as "La Peregrina," purchased at auction for $37,000 in 1969 by Burton for Taylor reached the world record price of $11,842,500.

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