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Elizabeth Taylor's "The Taj Mahal Diamond," circa 1627 - 1628, on a gold and ruby chain by Cartier, was a gift from Richard Burton for her 40th birthday in 1972. It is estimated at $300,000 - $500,000 and is shown in this photograph at Christie's, in New York, Thursday, Sept. 1, 2001. Christie’s auction house is selling her complete jewelry collection in New York on Dec. 13-14. (AP Photo/Richard Drew)

Elizabeth Taylor's "The Taj Mahal Diamond," circa 1627 - 1628, on a gold and ruby chain by Cartier, was a gift from Richard Burton for her 40th birthday in 1972. It is estimated at $300,000 - $500,000 and is shown in this photograph at Christie's, in New York, Thursday, Sept. 1, 2001. Christie’s auction house is selling her complete jewelry collection in New York on Dec. 13-14. (AP Photo/Richard Drew)

Elizabeth Taylor auction sets records

The allure of owning a piece of Elizabeth Taylor's glamour drove prices sky high at a 2011 auction of the Hollywood legend's haute couture and jewelry.