The Jewelry Insider

May 10, 2011

Divas mark your calendars. If you want a little piece of Madonna
history, now is your chance to shine. On March 23rd Bidz.com will auction off a
gold and diamond tiara designed by the late Gianni Versace that was worn by the incomparable
Material Girl herself.

The one-of-a-kind Versace Tiara has been in private hands until now and won
the famous De Beers Diamonds International Award in 1996 due to the meticulous
detail and craftsmanship Gianni Versace put into creating the piece. Over 1200
diamonds were used to make the masterwork, and experts put the tiara’s value at around $3
million.

Much of the proceeds from the online auction will benefit the charity,
Aid for AIDS, a non-profit service provider for Los Angeles County whose mission
is to provide direct financial assistance and critical support for the
necessities of life to those impoverished and disabled by HIV/AIDS.

Madonna may no longer need her diamond crown, but we’re sure there are plenty
of ladies in waiting out there who would be happy to take over the throne. The
opening bid is set for a mere $699,000.

 

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