Tuesday, January 31, 2012

Famous Jewelry - Elizabeth Taylor's Krupp Diamond Ring

There are certain gemstones that have made history over the years and we are going to feature one for you today. You may have heard about it if you are into gems and jewelry. The Elizabeth Taylor famous Krupp Diamond Ring is a fabulous rock that is a very impressive piece.

Back in 1968, Richard Burton paid 305,000 for a beautiful 33.19 carat Harry Winston diamond ring that he gave to his then wife, Elizabeth Taylor. The ring is called the "Krupp Diamond" because it was previously owned by the famous Vera Krupp, the wife of a German industrialist. The ring features an Asscher cut diamond, which is similar to an emerald cut. This is a very beautiful cut because the light just dances through it as this particular Asscher cut has 58 facets. The Asscher cut has become more popular the past few years and is a very desirable cut for those who like the very best in their diamond and gemstone jewelry. The Asscher cust now has been upgraded to 74 facets and is a patented cut.

Elizabeth Taylor often wore her ring and the Krupp diamond stayed in Taylor's posession from the time she received it until she passed away. Her estate did put it up for auction and it was sold after her death. In December, 2011, Christies sold the Krupp Diamond Ring for an amazing 8.8 Million dollars, including the buyer's premium. What an investment!

Besides being known for her acting, Elizabeth Taylor is also known for her beautiful jewelry and she had her very own line of perfume that is still available today for purchase. Taylor had a passion for jewelry, stating that "You can't cry on a diamond's shoulder, and diamonds won't keep you warm at night, but they're sure fun when the sun shines". At her death, Taylor's jewelry collection was reportedly worth $150 million.

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