As the world continues to mourn the passing of ELIZABETH TAYLOR, there is one question that comes to mind: What’s going to happen to those fabulous jewels?

According to sources, the legendary star’s brilliant baubles — estimated in the past at $150 million collectively — are expected to be auctioned by CHRISTIE’S some time in the future.

Part of what makes her collection so special is its quality, according to LUXURY JEWELS OF BEVERLY HILLS President/CEO PETER SEDGHI, who worked with the actor on her HOUSE OF TAYLOR jewelry line.

“She had the most amazing eye,” he told PEOPLE.

“To be honest, she knew more than I did [about jewelry]. When you would show her stones, she would tell you the origin, if it’s good quality, bad quality, where it came from.”

And though Ms. Taylor loved it all — coloured stones, pearls — she had a special place in her heart for diamonds.

“She had a collection like I’ve never seen before and she knew exactly what every one was — what the diamonds were, the quality. But it was more than that for her; it was the history behind it. A lot of them had sentimental value.”

Friend and celebrity jeweller LORRAINE SCHWARTZ said such sparklers were a natural part of Ms. Taylor’s history.

“The studios, in order to make her happy, they’d always give her jewelry. So she grew up collecting it. People always gave her gifts…It was something that she learned to love.”

And she took great care of them, too. “She [had] collections and collections…and rooms. She [knew] where every single piece was. [It was] amazing.”

Of all her baubles — which included the 69 carat TAYLOR BURTON DIAMOND — it was the 33 carat KRUPP diamond, gifted to her by fifth husband RICHARD BURTON, that she treasured most.

But regardless of which jewels she preferred, she was always wearing at least one.

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