Elizabeth Taylor, My Love Affair with Jewelry
What Elizabeth Taylor was not, however, was a pushover. Consider her genius at convincing friends, lovers, husbands, and even new acquaintances to buy her expensive jewelry. The apotheosis was in 1968 when her then-husband Richard Burton gave her the infamous Krupp Diamond. He paid $307,000, an outrageous price at the time. It made international headlines. Yet it proved to be a shrewd investment. After Taylor's 2011 death, it sold for nearly $9,000,000.
In 1982, Taylor wore her Krupp Diamond (set in a ring) to a Kensington Palace dinner party. Throughout the evening, Princess Margaret repeatedly snubbed Taylor. The most glaring was when the princess remarked that the Krupp diamond was "the most vulgar thing" she had ever seen. The glamorous movie star permitted the persnickety royal to win that round, but it was not the end of the matter.
When Taylor and Princess Margaret saw each other at party a few weeks later, Taylor laid her trap. Again wearing the Krupp Diamond. she asked Margaret if she would like to try it on. After the princess eagerly slipped on the ring, Taylor inquired, "Doesn’t look so vulgar now, does it?"