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Elizabeth Taylor's Taj Mahal diamond at center of dispute between estate and auction house

Disputed diamond: The Taj Mahal diamond pendant belonging to Elizabeth Taylor sold for $8.8 million at auction in 2011. Christie's auction house later canceled the sale because the buyer claimed there was no proof it belonged to the emperor who built the Taj Mahal in India

The Taj Mahal diamond got its name because ti was believed it had belonged to Shah Jahan who commissioned the Taj Mahal monument in Agra in India.

The heart shaped diamond pendant on a 20th century Cartier gold neckchain set with rubies and diamonds was expected to fetch between $300,000 and $500,000 at auction but an anonymous buyer ended up bidding more than 20 times its estimated value.

However, People, quoting the LA Times,rolex oyster perpetual air king replica, reported that the buyer later asked for a refund alleging the jewel hadn't actually belonged to a Mughal emperor.

Taylor's estate responded by claiming the sale cancellation violated Christie's own policies and that the auction house never guaranteed the diamond's age or Mughal origins,imitation rolex oyster collection.

When the Hollywood icon's beneficiaries declined to give the money back,fake rolex oyster, the trustees claim Christie's retaliated by refusing to pay them the proceeds from the sale of one of the actress' Bulgari rings.

The trustees also allege that they haven't received any money from several 'missing items' that were supposedly auctioned off by Christie's.

Diamonds are a girl's best friend: The Hollywood screen legend amassed a stunning collection of jewelry during her life and following her death in 2011, the jewels were auctioned off to benefit the Elizabeth Taylor AIDS Foundation

Elizabeth Taylor left instructions for her jewelry and other personal items to be sold and for a part of the proceeds to be given to her AIDS Foundation.

Christie's said in a statement Thursday that the auction raised 'over $183.5 million in proceeds for the beneficiaries of the Elizabeth Taylor Trust the friends and family of Elizabeth Taylor. This suit stems from Christie's seeking the return of a small portion of proceeds due to the cancelled sale of a single item from the 1,800 lot collection.'

So in love: Burton, pictured in 1967 with Taylor, famously said: I would have liked to buy her the Taj Mahal but it would cost too much to transport.' He opted instead to give her the so called Taj Mahal diamond that dates back to the 17th century

The Elizabeth Taylor Richard Burton romance was one of the most documented of all time with the media following their every move.

The couple met on the Rome set of the lavish epic Cleopatra and embarked on a tempestuous love affair even though both were already married to other people.

In 1964 Butron became Liz's fifth husband and the marriage lasted for a decade.

But just 16 months after their divorce, the couple reconciled and re married in 1975. They broke up and divorced again in 1976.

During their time together, the Welsh actor showered Taylor with diamonds and jewels, amassing a staggering collection that the actress got to keep as part of their divorce settlements.

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Added Jun 19

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