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Among the items in the sale is the Elizabeth Taylor Diamond, a 33.19-carat, Asscher-cut diamond on a ring that was a gift from her husband Richard Burton.
FORBES: Elizabeth Taylor's Most Precious Jewels go on Sale Tonight
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The diamond set on a platinum ring is flanked on either side by a tapered baguette-cut diamond.
FORBES: 34-Carat Princie Diamond Fetches Nearly $40 Million, Setting Two Records
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Partly because his budget is an unusual "ring-fenced" one, while other departments are being cut, the head of DfID - International Development Secretary Andrew Mitchell - constantly emphasises his quest for value for money, for both aid recipients and the British taxpayer.
BBC: Liam Fox row: Where does the UK's aid money go?
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The first is a ring set with a 46.51-ct. oval-cut diamond, flanked on either side by a pear-shaped diamond, weighing approximately 1 and 1.01 cts.
FORBES: 48-Carat Diamond Ring May Fetch $3.5 Million at Auction
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Today, all but the lucky cabinet ministers with ring-fenced departments have just learnt that their budgets are to be cut again.
BBC: Budget 2013: Cuts, giveaways and grim forecasts
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Ring mounted with a heart-shaped diamond weighing 2 carats to the tapered baguette-cut diamond shoulders with plain hoop.
FORBES: Connect
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After a series of what-would you-do-if questions, replete with game-show invoking bells and whistles, users are matched with an ideal mate avatar and corresponding Tacori engagement ring suggestion (mine was ivy-leaguer Jack Calloway on bended knee with a square-cut diamond solitaire).
FORBES: Tacori, David Yurman Use Facebook To Spread Valentine's Day Love
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In addition, Ahluwalia also designed a new engagement ring for Royal Asscher called Legacy in which the signature Asscher cut diamond serves as the center stone of the platinum wave-like ring, with diamonds of different cuts detailing each side of the ring.
FORBES: Royal Asscher Honors its Heritage with Glittering New Jewelry Designs