Credit: Kevin Mazur/WireImage.com

Talk about some serious bling!

Elizabeth Taylor's legendary diamonds fetched record prices at Christie's Auction House on Tuesday in NYC. According to Forbes, the late actress' jewelry brought in nearly $116 million at auction, a world record for a private collection of jewels.

According to Forbes, a pearl necklace belonging to Taylor, who passed away in March at age 79, sold for $11.8 million. Only two items sold within auction estimates, while others went for as much as triple and quadruple their expected value.

A 33-carat diamond ring given to the star by ex-husband Richard Burton (they married and divorced twice) sold for $8.8 million, while a diamond tiara fetched $3.7 million.

Other sales of Taylor's art, clothing and memorabilia will be held in New York later this week; part of the proceeds from all sales will go towards The Elizabeth Taylor AIDS Foundation.