The diamond was first owned by Vera Krupp, second wife of Alfried Krupp, Chairman of the German steel giant Friedrich Krupp AG, and later purchased by Richard Burton and gifted to his beloved wife Elizabeth Taylor. 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. She was talented, beautiful, and crazy. Dame Elizabeth Taylor, actress, died on March 23rd, aged 79. Experts have a tough time agreeing on exact Krupp Diamond value. The diamond was one of a number of significant pieces of jewellery owned by Taylor, her collection also included the 68 carat Taylor–Burton Diamond, which was bought by the couple in 1969. The diamond was sold by Taylor's estate in 2011 for $8.8 million. [3] Your Guide To Synthetic vs Natural Diamonds, Investing in Diamond Jewelry: What You Need to Know, How to Identify Valuable Items In Your Jewelry Box. There is a supplemental letter from the Gemological Institute of America stating that the diamond has been determined to be a Type IIa diamond. Mar 28, 2012 - The Krupp Diamond is a 33.19-carat (6.638 g) stone, last sold at Sotheby's on May 16, 1968, for $305,000, to Welsh actor Richard Burton. Had the agency failed in its mission, the famous Elizabeth Taylor Krupp Diamond would have been lost to history. The robbers had done their homework. In 1968 after her death, it was bought at the then record auction price of $305,000 by Richard Burton for his wife Elizabeth Taylor, who owns it to this day. Who owned it? This page was last modified on 16 August 2015, at 14:29. For those amongst us who truly covet the beautiful gems of the world and the back stories of those who owned them, get ready because som... Elizabeth Taylor wears the Asscher Cut Krupp Diamond Ring along with the Burton-Taylor Diamond Necklace by Cartier. Often referred to as the Elizabeth Taylor Krupp Diamond or simply … The Krupp Diamond began its public journey on the finger of Vera Krupp sometime between 1952 and 1956. We soon added other suspects to our list and were able to piece together the movements of the thieves from city to city—follow their trial across this map. View THE ELIZABETH TAYLOR DIAMOND A DIAMOND RING on Christies.com, as well as other lots from the The Collection of Elizabeth Taylor: The Legendary Jewels, Evening Sale (I), "Liz shows off the KRUPP Diamond Richard Burton bought for her at Sothebys. ELIZABETH TAYLOR ARCHIVES: Krupp Diamond. And it was surrounded by two smaller baguette-shaped diamonds on either side. The diamond was originally named after the Krupp family of German industrialists, and it was sold as part of the estate of Vera Krupp (1909–1967), second wife of Alfried Krupp. The notorious Krupp steel works, which supplied Germany, and many other countries, with weapons and... Divorce & Alimony. A few weeks later Hagenson and the other suspects were convicted as well. [4], Burton bought the Krupp diamond on May 17, 1968 at an auction in New York for $307,000,[5] and presented Taylor with the diamond on their yacht, the Kalizma while it was moored on the River Thames in London.[5]. There is a supplemental letter from the Gemological Institute of America stating that the diamond has been determined to be a Type IIa diamond. Type IIa diamonds are the most chemically pure type of diamond, and often have exceptional optical transparency. The two baguette diamonds were recovered from a jeweler in St. Louis during the course of the investigation. Other suspects were tracked from city to city, and the agency watched for news that a large diamond was for sale. At the same time, all field offices had their ears to ground to see if the large stone would end up for sale. Its price at auction in 2011 was $8,818,500 which works out to approximately $9,250,000 when accounting for inflation. On the evening of April 10, 1959, Vera Krupp and her ranch foreman were eating dinner when three men knocked at the door and offered to pave her driveway. She wears the Krupp Diamond on her left hand almost every day and has worn it in most if not all of her films and TV appearances since she bought it in 1968 for $305,000. In 1968 after her death, it was bought at the then record auction price of $305,000 by Richard Burton for his wife Elizabeth Taylor.
When Elizabeth Taylor passed away in 2011, the Elizabeth Taylor Krupp Diamond was auctioned at Christies. A report (1132411262) dated 9 May 2011 from the Gemological Institute of America states that the diamond is D colour, VS1 clarity; accompanied by a diagram indicating that the clarity may be potentially internally flawless.