London: The pearl from Dame Elizabeth Taylor's 7.4 million pound necklace, which pulled in a massive amount in an auction recently, was almost swallowed by her pet dog once.

The world famous La Peregrina piece - a diamond and ruby rope with a 16th century pearl pendant was auctioned at Christie's auction house in New York last week along with Taylor's other possessions, according to reports.

"Twenty minutes after she put it on, she lost it. The incident happened in a hotel room in Las Vegas and Taylor came back running, showing her cleavage and saying, 'Ward! I've lost the pearl!'

"The room had pink shag carpeting, and I was crawling, past a settee when I saw one of Taylor's two Lhasa Apsos dogs, and I heard the crunch. I said, 'Liz, I know where the pearl is'. She got the dog to spit it out. I was afraid it had cracked because pearls do," said Former head at Sotheby's Ward Landrigan, who sold the pearl to Taylor's then-partner Richard Burton in 1969.