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The “Taylor-Burton Diamond”(69.42-carat pear-shape) When it went up for auction in 1969, Richard Burton bid $1,000,000.  He was outbid by Cartier for $1,050,000.  He later wrote of his response in his diary, stating that, “I  was going to get that diamond if it cost me my life or 2 million dollars, whichever was the greater. For 24 hours the agony persisted and in the end I won. I got the bloody thing. “  The next day, he contacted Cartier and purchased the diamond for a reportedly $1.1 million.  But there were terms around the sale: Cartier created a big publicity moment with the diamond and Hollywood’s most high-profile couple. The diamond was put on display for a week at Fifth Avenue Cartier drawing the attention of nearly 6,000 visitors. The million dollar insurance policy by Lloyd’s of London stipulated that the Taylor- Burton diamond could be worn just 30 days out of the year, and that Elizabeth had to be accompanied by armed guards when wearing it in public. Additionally, the Taylor-Burton diamond had to be stored in a vault. Because she could rarely wear the real stone, Elizabeth had a replica made. At a cost of just $2,800, In 1978, following her divorce from Richard Burton, Taylor announced she was putting the diamond up for sale and was planning to use part of the proceeds to build a hospital in Botswana.  In June of the following year Henry Lambert, the New York jeweler, stated that he had bought the Taylor-Burton for nearly $5,000,000.  By December he had sold the Taylor-Burton to its present owner, Robert Mouawad. Today, diamond mogul Robert Mouawad owns the stone and has recut it down to 68 carats. #elizabethtaylor #cartier #diamond #diamonds #diamondring #diamondrings #pearshape #diamondsareagirlsbestfriend #shinebrightlikeadiamond #jewelry #jewelryaddict
The “Taylor-Burton Diamond”(69.42-carat pear-shape) When it went up for auction in 1969, Richard Burton bid $1,000,000. He was outbid by Cartier for $1,050,000. He later wrote of his response in his diary, stating that, “I was going to get that diamond if it cost me my life or 2 million dollars, whichever was the greater. For 24 hours the agony persisted and in the end I won. I got the bloody thing. “  The next day, he contacted Cartier and purchased the diamond for a reportedly $1.1 million.  But there were terms around the sale: Cartier created a big publicity moment with the diamond and Hollywood’s most high-profile couple. The diamond was put on display for a week at Fifth Avenue Cartier drawing the attention of nearly 6,000 visitors. The million dollar insurance policy by Lloyd’s of London stipulated that the Taylor- Burton diamond could be worn just 30 days out of the year, and that Elizabeth had to be accompanied by armed guards when wearing it in public. Additionally, the Taylor-Burton diamond had to be stored in a vault. Because she could rarely wear the real stone, Elizabeth had a replica made. At a cost of just $2,800, In 1978, following her divorce from Richard Burton, Taylor announced she was putting the diamond up for sale and was planning to use part of the proceeds to build a hospital in Botswana. In June of the following year Henry Lambert, the New York jeweler, stated that he had bought the Taylor-Burton for nearly $5,000,000. By December he had sold the Taylor-Burton to its present owner, Robert Mouawad. Today, diamond mogul Robert Mouawad owns the stone and has recut it down to 68 carats. #elizabethtaylor #cartier #diamond #diamonds #diamondring #diamondrings #pearshape #diamondsareagirlsbestfriend #shinebrightlikeadiamond #jewelry #jewelryaddict

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