Hollywood legend Elizabeth Taylor's 'Taj Mahal' diamond could be yours - for the right price. The extravagant 40th birthday gift given to the actress by her then-husband Richard Burton will once again hit the auction block following a recent settlement in the bitter legal battle between Liz's estate and Christie's auction house, Daily Mail Online can reveal. New court documents obtained by Daily Mail Online show that earlier this week the two parties reached a deal to dismiss all claims against each other and the Taj Mahal diamond will be put up for auction, fetching, it is hoped - at least $8.8 million, the auction price last time around.The 'Taj Mahal' diamond was sold at auction in December 2011 for $8.8 million - Liz Taylor's estate got $7.2 million from saleBut months later,  buyer returned it and demanded his money back claiming it was not from the Mughal period as advertisedThe estate filed a lawsuit against Christie's claiming auction house breached its agreement and refused to return its shareChristie's called lawsuit nonsense, claiming the estate made many millionsThis week both parties agreed to settle lawsuit and work together to finalize a new sale of the gem
Taylor's estate responded by claiming the sale cancellation violated _'s own policies and that the auction house never guaranteed the diamond's age or Mughal origins. It asked that the suit be dismissed an the money returned to _.