Elizabeth Taylor's Jewelry to Fetch $30 Million

Elizabeth Taylor's jewelry collection is expected to fetch more than $30 million when it is auctioned in December (11).

The late actress' collection of 300 pieces - including rings, earrings,necklaces, brooches and tiaras - will go under the hammer at Christie's auction house in New York.

Among the highlights hitting the auction block are the 33.19-carat Elizabeth Taylor Diamond; Wallis Simpson, the Duchess of Windsor's plume pin and La Peregrina, one of the largest pearls in the world, which Richard Burton gave Taylor in 1969 as a Valentine's Day gift.

Marc Porter, chairman and president of Christie's America, insists the sale will "captivate the auction world", adding, "This is without a doubtthe greatest private collection of jewelry assembled in one place".

A portion of profits from the sale will reportedly benefit the Elizabeth Taylor Aids Foundation.