Christie's to Auction Elizabeth Taylor's $150 Million Jewelry Collection

Jewelry hounds? This is one of those times when I wish I had a few $mil burning a hole in my pocket. OK. That's not an 'uncommon' thought, but the news that Christie's is auctioning Elizabeth Taylor's jewelry collection is sending my blingy consumption habit into orbit!

Yes, it's true. People.com reports the famed auction house will be putting Dame Liz's baubles on the block - and yes, the stash includes all of her 'big hits' - including Taylor's rumored favorite, The Krupp Diamond(!!!)

Christie's declined to comment on the story, and there is no word yet if the proceeds will benefit Elizabeth Taylor's charity, The Elizabeth Taylor AIDS Foundation - but you can be sure jewelry lovers the world over will be pushing the paddle hard to get their paws on a little piece of jewelry perfection.

In the meantime, I'm loving all of the jewelry-related tidbits that keep trickling out as the world mourns the loss of an icon. Lorraine Schwartz (famed red carpet jeweler and friend of Taylor's) told People that magnificent gems were a natural part of Taylor’s day-to-day life.

“People always gave her gifts … it was something that she learned to love.” And she took great care of them, too. “She [had] collections and collections, and rooms. She [knew] where every single piece was. [It was] amazing.”

In fact, Schwartz remembers receiving a phone call one morning in 2003 after Taylor had taken a fall. “She was like, ‘I don’t feel good, my hair is dirty but I’m wearing my bracelet,’” she recalls. “I mean, fabulous."

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