Elizabeth Taylor jewelry to be auctioned

Christie’s has been chosen to auction several pieces of fine jewelry from the estate of film legend Elizabeth Taylor, who died last month. Rumored to be included in the auction are 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. A date has not yet been set for the auction and a spokeswoman at Christie’s would not confirm. Luxury Jewels of Beverly Hills President/CEO Peter Sedghi, who worked with Taylor on her House of Taylor jewelry line, told people.com: “She had the most amazing eye. To be honest, she knew more than I did [about jewelry]. When you would show her stones, she would tell you the origin, if it’s good quality, bad quality, where it came from.” He remembers that although Taylor loved all jewels, she had a special place in her heart for diamonds. “She had a collection like I’ve never seen before, and she knew exactly what every one was — what the diamonds were, the quality. But it was more for her; it was … the history behind it. A lot of them had sentimental value.” The proceeds from the auction will reportedly benefit charities close to Taylor’s heart, including the Elizabeth Taylor AIDS Foundation.