Credit: Kevin Mazur/

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.