Elizabeth Taylor Christie’s Auction a Go

Victoria's secret wing designer now designing nasa gloves

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Big ticket item: Will the 70-carat Taylor-Burton diamond hit the auction block?

It’s official: diamond lovers have been salivating over the rumors that Elizabeth Taylor’s famed jewelry collection might go up for sale, and now, New York-based auction house Christie’s has confirmed it.

According to an Associated Press report, Christie’s will auction not only the jewels (which have been valued at $150 million) but also a selection of Taylor’s art, clothing, and other memorabilia.

The exact pieces that will be on the block are as yet unknown—the 33-carat Krupp diamond ring and the 70-carat Taylor-Burton diamond necklace are two of Taylor’s most famous pieces—but Christie’s will announce details about the series of auctions later this spring.

No doubt the bidders will include a star-studded lineup; Kimora Lee Simmons has already announced that she’s been lusting after Taylor’s jewels for years. Stay tuned!

And in other diamond news, see which unexpected retailer is selling a $1 million engagement ring.