The Krupp diamond gets its name from actress Vera Kruppvon Bohlen und Halbach,the original owner of the diamond, and second wife of Alfried Krupp von Bohlen und Halbach , who belonged to the famous Krupp family, owners of Krupp AG, the industrial giant of Germany, that was one of the world's principal steel makers and arms manufacturers until the end of World War II. It was sold to Richard Burton and Elizabeth Taylor as part of the estate of Vera Krupp, second wife of Alfried Krupp. They rifled the house, taking a camera, a revolver, and approximately $700,000 in cash. Often referred to as the Elizabeth Taylor Krupp Diamond or simply as the Elizabeth Taylor Diamond, the Krupp Diamond is a magnificent stone with a fascinating history.
It sold for an astonishing sum of $8,818,500 to its new owners, South Korea conglomerate The E-Land Group, which owns retail malls, theme parks, restaurants, and other businesses.Receive more articles like this, straight to your inbox.What Your Old Jewelry Can Do For Your FinancesThe Taylor-Burton Diamond was originally owned by Harriet Annenberg Ames, who was sister to the billionaire publisher Walter Annenberg.
The Cut is different from the Shape (such as round, princess, oval, etc.).
Had the agency failed in its mission, the famous Elizabeth Taylor Krupp Diamond would have been lost to history.Athletes & Sports Wives Most Jaw Dropping Engagement RingsAbout six weeks after the Krupp diamond theft, an FBI agent in Newark, New Jersey, heard that a grocer was trying to sell a large diamond. She loved the diamond and wore it proudly. All About A GIA Diamond Grading ReportWhich Celebrity Engagement Ring Is Your Favorite? Its price at auction in 2011 was $8,818,500 which works out to approximately $9,250,000 when accounting for inflation. The man was quickly located and he led agents to one of the original three thieves, a man named James Reves. After she passed away in 1967, her estate was sold. 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. One of several significant diamonds owned by Elizabeth Taylor, the Krupp Diamond is Asscher cut, with a fairly large culet facet that indicates it was probably cut before the 1920s. Receive more articles like this, straight to your inbox.The Krupp Diamond can be seen in countless photos of Elizabeth Taylor, who wore it in a ring and called it her favorite piece.
Diamond Price Calculator: On this page, the calculator allows the user to estimate the diamond value based on Rapaport Diamond prices, A diamond is valued by 4 important parameters, color, clarity, cut and, carat weight. A stunning pear-cut gem that Elizabeth Taylor started wearing this diamond in a ring, but soon opted to have it added to a necklace that covered a scar from an emergency tracheotomy surgery. Burton had previously bought Taylor the 33.19-carat Krupp Diamond in May 1968 at a cost of $307,000.
Diamond prices per carat increase as you jump up to higher weight categories. That diamond’s price for the stone would be $1400 * 0.50, or $700.
A properly-cut diamond will refract the light that enters it and returns it through the top to produce the highly-desired sparkle.