Taylor Burton is also famous for being the first million dollar diamond.
It got its name when actor Richard Burton gifted this diamond to his
wife Elizabeth Taylor.
This crystal was found in 1966 in the Premier mine of South Africa and originally weighed 241 carats (48.2g).
Harry Winston was the first owner of this crystal. He and his cleaver, Pastor Colon Jr. studied the crystal for six months. After the detailed study, areas were marked from where stone would be cleaved. Finally, the stone was cut into a beautiful pear shaped diamond, weighing 69.42 carats (13.884g).
In 1967, Harry Winston sold this diamond to Harriet Annenberg Ames (the sister of Walter Annenberg; the American Ambassador in England). But Harriet felt of not enjoying the beauty of this gem as it was kept in bank locker. Also, she was apprehensive to use it because of its size.
So, instead of keeping this diamond with herself, she decided to sell it through an auction. It was then purchased by Robert Kenmore, the owner of Cartier at a price of $1,050,000.
This was the first time that a diamond was auctioned publicly in millions, making it the first million dollar diamond. Though before this, diamonds might have been privately traded in seven figures.
Rise to Fame
Cartier Company then studded this diamond as the centerpiece of a necklace. In 1969, actor Richard Burton purchased this necklace for his wife Elizabeth Taylor.
The necklace was put on display in Cartier’s New York store for some time, before handing it over to Mr. Richard Burton. This purchase attracted lot of media coverage and public attention due to its link with Hollywood personalities.
Taylor Burton Set in Necklace
Elizabeth Taylor wore this gem publicly for the first time at 40th birthday celebration of Princess Grace of Monaco.
In 1978, after divorce from Richard Burton, Miss Taylor sold the diamond at an auction. It was bought by a New York jeweler, Henry Lambert at an unbelievable price of $5,000,000. This sum was used to build a hospital in Botswana.
In December 1979, it was finally purchased by Robert Mouawad, who then had this crystal re-cut. Before the cut, the curved half of the stone’s girdle had rounded outline. But after the cut, the outline was made little straight and the culet was made smaller. After this cutting, this crystal weighs 68.09carats (13.618g).
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Jul 25, 14 10:38 PM
Nowadays, almost all jewelry brands are offering designer platinum engagement rings. With platinum being very sturdy and durable, these engagement rings are really "forever".
Jul 19, 14 01:16 AM
Choosing the right diamond dealer is undoubtedly the most important decision when you set out to buy diamonds.
Jul 12, 14 12:15 AM
Tiffany engagement rings collection has got something for everyone. Unlike Harry Winston and Cartier, Tiffany is quite flexible in terms of its product range - be it price or quality.