Who Has the Elizabeth Taylor Diamond? Unpacking the Legacy of a Legendary Gem
The Elizabeth Taylor Diamond, officially known as the Krupp Diamond, is one of the most famous and recognizable gemstones in the world. Its captivating sparkle and rich history have made it a subject of fascination for jewelry enthusiasts and pop culture aficionados alike. But the burning question remains: Who has the Elizabeth Taylor Diamond now?
To answer this, we need to trace its journey from its origins to its current whereabouts. The diamond's story is intricately linked to the legendary Hollywood actress Elizabeth Taylor, who cherished it throughout her life.
The Diamond's Remarkable Journey
Acquisition by Richard Burton
The 33.19-carat, flawless, white cushion-cut diamond was originally purchased by Elizabeth Taylor's famously passionate, and often tumultuous, husband, Richard Burton, in 1968. He bought it for a staggering $1.1 million (which, adjusted for inflation, would be many millions more today) from a Paris auction house. It was initially known as the Krupp Diamond, named after the German industrialist family who had owned it for generations.
Elizabeth Taylor's Cherished Possession
Elizabeth Taylor was immediately captivated by the diamond, not just for its immense size and brilliance, but for the love and sentiment it represented. She famously called it "La Peregrina" (The Pilgrim) after another famous pearl she owned, and often wore it as a pendant. The diamond became synonymous with her glamour and her legendary love affair with Burton. She was rarely seen without it, and it graced countless red carpets, film premieres, and public appearances.
A Tragic Turn and a Resale
Following Elizabeth Taylor's death in 2011, her extensive jewelry collection, which included the Elizabeth Taylor Diamond, was put up for auction at Christie's in New York City. This landmark auction, held in December 2011, was a testament to her enduring legacy and the immense value of her treasures. The sale itself was a global event, attracting collectors and enthusiasts from around the world.
The Buyer and the Current Owner
The Elizabeth Taylor Diamond was purchased at this historic auction by an anonymous buyer for a colossal sum of $8.8 million. While the identity of the buyer has been kept private, it is understood that the diamond was acquired by someone who intended to keep it intact, rather than break it down. This has led many to believe it remains in private hands, perhaps as part of a significant private collection.
It is important to note that while the diamond's current owner is private, its legacy is not. The Elizabeth Taylor Diamond continues to be celebrated as a symbol of glamour, enduring love, and one of the most significant jewels of the 20th century.
Frequently Asked Questions (FAQ)
How much is the Elizabeth Taylor Diamond worth today?
The Elizabeth Taylor Diamond was last sold at auction in 2011 for $8.8 million. Its value today, considering its size, flawless quality, historical significance, and association with Elizabeth Taylor, would likely be significantly higher, potentially exceeding $10 million, though it remains in private hands, making an exact current valuation difficult.
Why is it called the Krupp Diamond?
The diamond was known as the Krupp Diamond because it was previously owned by the prominent German industrialist Krupp family. Vera Krupp, the wife of Alfried Krupp, was the last known owner of the diamond before it was acquired by Richard Burton.
Has the Elizabeth Taylor Diamond ever been seen publicly since the auction?
Since its sale at the 2011 Christie's auction, the Elizabeth Taylor Diamond has not been publicly displayed. It is understood to be held in a private collection, and its current owner has chosen to keep its whereabouts and appearances private.
Did Elizabeth Taylor own other famous diamonds?
Yes, Elizabeth Taylor owned an extraordinary collection of jewelry, including several other famous diamonds. Among them was the 68-carat Cartier diamond, which she wore as a pendant, and the "Burton-Taylor" 33.19-carat diamond, the one we've been discussing, which she also frequently wore as a ring.
