Updated: Tue, 26 Mar 2013 14:44:02 GMT | By Agence France-Presse

Italian star Gina Lollobrigida auctions jewels

Italian actress Gina Lollobrigida is to sell jewellery worth as much as three million euros with some of the proceeds going to help stem cell research, auction house Sotheby's said Tuesday.

Italian star Gina Lollobrigida auctions jewels

Italian star Gina Lollobrigida auctions jewels

Designed by Italian creator Bulgari in the 1950s and 1960s, the most valuable items being put up for auction in Geneva in May include pearl and diamond earrings and a 19.3-carat diamond ring.

Both pieces are valued at between $600,000 and one million dollars (465,000-775,000 euros).

The jewels were displayed at an exhibition entitled "Bulgari: 125 years of Italian magnificence" at the Grand Palais in Paris in late 2010.

"All of the jewels to be sold by the actress have been estimated at between two and three million dollars," a Sotheby's spokeswoman told AFP.

She said she did not yet know whether the 85-year-old Italian star would be in Geneva for the auction on May 14.

Some of the most sought-after of the 22 pieces to go under the hammer are to be shown in London, Rome and New York in the run-up to the sale.

Lollobrigida, star of "The World's Most Beautiful Woman" and "Come September", says she wants to devote herself to sculpture and "a sculptor doesn't need jewellery", Sotheby's said in a statement.

Some of the proceeds will go towards funding an international hospital for stem cell research, a cause Lollobrigida described as "close to her heart" and something that "every sick child should be able to benefit from".

David Bennett, the chairman of Sotheby's Switzerland, described the auction as "a wonderful opportunity for collectors to acquire seminal Bulgari pieces, imbued with Gina Lollobrigida's magical provenance".

Such sales often beat the auction house estimates.

A foreign collector snapped up at a French auction on Sunday the diamond and sapphire engagement ring that Napoleon Bonaparte gave his first wife Josephine -- which had been estimated would fetch up to 12,000 euros -- for a whopping 900,000 euros ($1.16 million).

Sotheby's has already sold off jewel collections belonging to other great stars, including Ava Gardner, Marlene Dietrich, Mary Pickford and Maria Callas.

Geneva regularly hosts important sales of high-end jewellery by the Sotheby's and Christie's auction houses each May and in the autumn.

The day after the Lollobrigida auction, Christie's is scheduled to put a 101.7 carat colourless diamond -- described as the largest such gem ever auctioned -- on the block.


Celebrity Gossip

Lance Bass popped the question to his boyfriend Michael Tuchin for the second time yesterday (31.08.14).
Lance Bass proposes to boyfriend for second time

Lance Bass popped the question to his boyfriend Michael Tuchin for the second time yesterday (31.08.14).

Lifestyle News

  • Thailand totters towards waste crisis

    A blaze at a vast rubbish dump home to six million tonnes of putrefying trash and toxic effluent has kindled fears that poor planning and lax law enforcement are tipping Thailand towards a waste crisis. 

Celebrity Style

Top Stories

  • Man United agree Falcao loan deal - reports

    Manchester United have agreed a sensational deal to sign Colombia striker Radamel Falcao on a season-long loan from Monaco, according to widespread British media reports on Monday. 

Health News

  • Novartis Japan admits concealing drug side effects

    The Japanese unit of Swiss pharma giant Novartis has admitted it did not report more than 2,500 cases of serious side effects in patients using its leukaemia and other cancer drugs, reportedly including some fatalities.