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#onthisday in 1961 Richard Burton dazzles wife Elizabeth Taylor when he buys her a 69-carat Cartier diamond ring costing $1.5 million.

The diamond—christened the “Taylor-Burton”—remained at Cartier for several days before Burton took it home and presented it to Taylor. Thousands of people lined the street outside Cartier every day to view it.

Photos by YALE JOEL/ Time Life Pictures

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