World's Largest Diamond on an Engagement Ring

The Taylor-Burton diamond was found in the Premier mine in 1966, the rough stone weighed 240.80 carats. The famous diamond was purchased by Harry Winston who commissioned the stone cleaved into two pieces, the larger piece weighed 162 carats and was eventually cut into a pear shaped 69.42 carat diamond. It was later auctioned for $1,050,000 and named the "Cartier". The diamond was then purchased by Richard Burton and given to Elizabeth Taylor and renamed the Taylor-Burton. In 1978, following her divorce from Richard Burton, Elizabeth put one of the worlds largest diamonds up for sale to raise funds for a hospital in Botswana. The current owner is Robert Mouawad, President of the Mouawad Group.