Elizabeth Taylor's "La Peregrina," an early 16th century pearl, ruby and diamond necklace by Cartier, given to the late actress by Richard Burton, sold at auction for $11,842,500.
NEW YORK — 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. It was estimated to sell for $2 million to $3 million. The price surpassed the previous auction record for a pearl, set in 2007 at Christie's auction house in New York City with the sale of The Baroda Pearls for $7,096,000.
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