Independent Jewelers Also Love Liz

Amid all the big-name, big-money buyers at the Christie's Dec. 13–15 fabled Elizabeth Taylor auction, several independent ­jewelers managed to take home a piece of what is already considered one of the most notable sales in jewelry history.Jenny Caro, owner of Jewelry by Design in Woodbridge, Va., spent the first night getting outbid and growing frustrated—especially when an ivory and gold necklace she had her eye on, valued at $1,500 to $2,000, sold for $314,500. "That's when it sunk in—even with a budget of $30,000 to spend, we might walk away empty-handed," she says.But on day two, Caro finally managed to snag a "paper jewelry suite"—essentially pictures of jewelry pieces given to Taylor by Malcolm Forbes.Caro's purchase was greeted with chuckles, considering she officially bid $5,500—close to $7,000 with taxes and fees—for little more than paper cutouts that were origina

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