Richard Burton. The briefcase that contained the diamond also held three 50¢ pairs of stockings that Taylor would buy in New York and were unavailable elsewhere, and Taylor was just as excited to receive the stockings as the diamond. The terms set by Lloyd's stipulated that it could only be publicly worn for thirty days in any given year, that it be stored in a vault, and that Taylor was to be accompanied by armed guards when wearing it in public. It was bought by a Harry Winston cut it into the shape of pear weighing 69.42 carats (13.884 g). But given some loose millions, it can be done--and worse, admired". The auction was scheduled to take place on the 23rd of October 1969. [5][10] Yet she felt conspicuous wearing the huge stone and decided to sell it two years later. At $1 million, Yugler, who was bidding for Taylor and Burton, dropped out of the auction, which ended shortly after. [2] After its purchase by Taylor and Burton, Taylor found the diamond too heavy to wear as a ring, and commissioned an $80,000 diamond necklace which included a custom setting for the diamond. She later said that "I found myself positively cringing and keeping my gloves on for fear it would be seen. was auctioned publicly in millions, making it the first million dollar It sat in a bank vault for years. The Taylor-Burton diamond was discovered in 1966 and was originally known as the Cartier. In this Age of Vulgarity marked by such minor matters as war and poverty, it gets harder everyday to scale the heights of true vulgarity. It is destined to hang round the neck of Mrs. Richard Burton. It seemed foolish to keep it if one could not use it. In 1978, after giving divorce to Richard The company then took out a large advertisement in the New York Times. In 1969, the diamond was sold at auction to Cartier for US$1.05 million after frenzied bidding. Ames had it mounted in a platinum ring in between two smaller diamonds. The Taylor-Burton diamond gets it's name from the renowned Hollywood actress Elizabeth Taylor and her former equally renowned husband and actor Richard Burton. Lambert sold the Taylor–Burton Diamond in December 1979 to Robert Mouawad, of the jewellers Mouawad. for his wife Elizabeth Taylor. [3] In 1980, Robert Mouawad, subsequent owner of the Taylor Burton diamond, had it recut to 68.0 carats (13.60 g). to Harriet Annenberg Ames (the sister of Walter Annenberg; the American diamond. The sale proceeded in increments of $10,000 after $500,000, and only two people remained at $650,000. [8] Burton had previously bought Taylor the 33.19-carat Krupp Diamond in May 1968 at a cost of $307,000. After the detailed study, areas were marked from where Burton and Taylor had been in England at the time of the auction, staying at The Bell Inn in Aston Clinton in Buckinghamshire, where they were visiting Ifor Jenkins, Burton's brother. JOIN DJP EMAIL GROUP and download my Jewelry Design Album for FREE. Taylor would later have a replica made of the diamond that cost $2,800. [18], https://en.wikipedia.org/w/index.php?title=Taylor–Burton_Diamond&oldid=981287547, Creative Commons Attribution-ShareAlike License, This page was last edited on 1 October 2020, at 11:55. this crystal - along with his cleaver, Pastor Colon Jr. studied the crystal I would have had a fit if it went to Jackie Kennedy or Sophia Loren or Mrs. Huntingdon Misfit of Dallas, Texas". For 24 hours the agony persisted and in the end I won. The couple were in Monaco to celebrate Princess Grace's fortieth birthday at the 'Scorpio Ball', a gala ball held at the Hermitage Hotel in Monte Carlo. The necklace was designed to fit Taylor's neck allowing the diamond to cover her tracheotomy scar resulting from her bout with near fatal pneumonia in 1961. The … Angelic Diamonds is the trading brand of ADJ Retail Ltd. Yet it took Hollywood royalty to match the diamond in sophistication and glamour. Also, she was apprehensive to Cartierâs New York store for some time, before handing it over to Mr. [18][19] Part of the proceeds from the sale funded the construction of a hospital in Botswana. It got its name when actor Richard Burton gifted this diamond to his [3], The publicity surrounding the purchase of the diamond was criticised in an editorial in The New York Times which said that, "The peasants have been lining up outside Cartier's this week to gawk at a diamond as big as the Ritz that costs well over a million dollars. after the cut, the outline was made little straight and the culet was Its sheer beauty had to be seen to be believed. She had it mounted in a platinum ring embellished with two smaller side diamonds. She decided to part with the diamond, because leaving it in a vault would be too much of a waste. Burton also wrote in his diary that "I wanted that diamond because it is incomparably lovely ... and it should be on the loveliest woman in the world. [14], After its public exhibitions the diamond was taken to Taylor and Burton in Monaco in November 1969, who were staying on their yacht, the Kalizma, in Monaco's Port Hercules. Ames felt conspicuous wearing the diamond. As things are in New York one could not possibly wear it publicly". [17], A $1 million insurance policy was secured against the diamond with Lloyd's of London. [6] It was unsure in the crowded room as to who the winner was, but it was later revealed to be Robert Kenmore, from the Kenmore Corporation, the parent company of the jewellers Cartier. The men flew from New York to Nice in France, and upon entering Monaco an armed guard with a machine gun gave further protection to the diamond. Taylor's husband, the actor Richard Burton, had set a maximum bid of $1 million for the diamond, with his lawyer, Aaron Frosch, bidding on the telephone from London, and Al Yugler of the jewellers Frank Pollock and Sons, bidding in the room for Burton. purchased by Robert Kenmore, the owner of Cartier at a price of herself, she decided to sell it through an auction. purchased by Robert Mouawad, who then had this crystal re-cut. Harry Winston - who was the first owner of Though before this, diamonds might have been privately traded When people praised her diamonds at the ball, Taylor would make a show of pretending that they were praising the Ping Pong diamond and not its much larger counterparts. The inference was that she would make do. Elizabeth was as sweet as only she could be and protested that it didn't matter, that she didn't mind if she didn't have it, that there was much more in life than baubles, that she would manage with what she had. [11], Burton and Taylor's jewels and other investments bought by the couple were officially assets of a tax shelter established by the pair, called the Atlantic Corporation. It was subsequently worn by Taylor at Princess Grace of Monaco's 40th birthday, and at the 42nd Academy Awards. [7][8] The final price was $1,050,000, which was a new record for a public auction of a jewel. Harriet Annenberg Ames, the sister of billionaire publisher Walter Annenberg, is the one who first bought it. The Taylor-Burton diamond was discovered in 1966 and was originally known as the Cartier. [13][8] As things are in New York one could not possibly wear it publicly". shaped diamond, weighing 69.42 carats (13.884g). She later said that "I found myself positively cringing and keeping my gloves on for fear it would be seen. Burton had set his maximum bid at $1 million. Currently Owned by Mouawad. attention - with thousands of people queuing up to have a glimpse of the gem - due to its association with Hollywood celebrities. [12], Kenmore had agreed to sell the diamond if it could be displayed at Cartier's stores in New York and Chicago, and after taking out a large advert in the New York Times to announce the public viewing, an estimated 6,000 people queued to see the diamond every day. I got the bloody thing". The Taylor–Burton Diamond, a diamond weighing 68 carats (13.6 g), became notable in 1969 when it was purchased by actors Richard Burton and Elizabeth Taylor. stone would be cleaved. $1,050,000. Shortly afterwards it was … [3], At the Scorpio Ball Taylor wore the diamond with the Krupp Diamond, which Burton had bought for her in 1968, and the "Ping Pong" diamond, which was only 1⁄8 of a carat.
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