Elvis TCB Ring Takes in More Than $400K at Auction

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Elvis TCB Ring Takes in More Than $400K at Auction

Postby PinkDiamond » Tue Dec 01, 2020 7:53 pm

This ring that belonged to Elvis sold for more than any of his other pieces that have been auctioned off. Here's the scoop. :)

Elvis TCB Ring Takes in More Than $400K at Auction
By Michelle Graff
michelle.graff@nationaljeweler.com
December 1, 2020


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Memphis, Tennessee jeweler Lowell Hays designed this 14-karat gold and diamond ring for Elvis Presley, who later gave it to one of his backup singers, J.D. Sumner. It sold for more than $400,000 at auction over the weekend.

"Los Angeles—A buyer apparently couldn’t help falling in love with Elvis’ chunky and bold “Taking Care of Business” ring, setting a new world auction record for a ring once owned by the King.

The piece, auctioned as part of Kruse GWS Auctions’ sale of Hollywood and music memorabilia over the weekend, attracted 31 bids and ultimately pulled in $440,625.

That made it the highest grossing lot in the sale, and the most expensive ring once owned by Elvis Presley ever sold at auction. (The previous record belonged to a horseshoe-shaped ring that went for $204,800.)

Designed according to the singer’s specifications by jeweler Lowell Hays Jr., the 14-karat yellow gold piece features a 7.56-carat VS2 diamond center and diamond accents totaling 2.25 carats.

Just below the center stone are the diamond-set letters “T,” “C” and “B,” which stand for “Taking Care of Business,” the mantra Elvis adopted when he returned to the concert circuit in 1969.

The singer was known for giving away his jewelry.

He gifted this particular piece to friend and backup vocalist J.D. Sumner, lead singer of Sumner & The Stamps, on stage at a concert in Asheville, North Carolina in 1975.

Elvis can be heard in an audio clip from that concert telling the crowd the ring—the first of numerous “TCB” pieces—cost him $40,000, the equivalent of nearly $200,000 today.

Hays, who closed his Memphis, Tennessee jewelry store in 2005, was known as the official jeweler to the King. He also made ... "

https://www.nationaljeweler.com/fashion ... at-auction
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