Flashback: Queen Elizabeth — who knows from bling — gets an eyeful of Elizabeth Taylor’s jewelry during a 1976 U.S. bicentennial celebration. (Gerald Martineau/The Washington Post)

He must have really liked her: The “La Peregrina” necklace that Burton bought Taylor in 1969 — for a mere $37,000 — and which just sold for $11.8 million. (Richard Drew/AP)

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: Exquisite jewels, couture gowns and artwork owned by actress Elizabeth Taylor are set to be auctioned by Christie’s in New York this week.