Julianne Moore dazzles in Elizabeth Taylor's necklace

Actress Julianne Moore attends the Bulgari celebration of Elizabeth Taylor's collection of Bulgari jewelry on Feb. 19, 2013, in Los Angeles. / Mark Davis/Getty Images

Julianne Moore stepped out Tuesday in a dazzling piece of jewelry that once belonged to another Hollywood star -- Elizabeth Taylor.

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Stars celebrate Elizabeth Taylor's jewelry

The actress attended an event celebrating Bulgari's new exhibition of Taylor's famed jewelry wearing a diamond-and-emerald necklace given to the "Cleopatra" star by Richard Burton.

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Elizabeth Taylor's jewels on display in Calif.

The brand is displaying the eight pieces of Taylor's Bulgari jewelry that it acquired during her Christie's auction in 2011, People reports.

Moore is said to be the first person to wear the necklace (which sold for $6.1 million at the auction) since Taylor herself. She wore it with a coral-colored Alexander McQueen dress.

Other stars who attended Tuesday's event included Drew Barrymore, Naomi Watts, Kate Walsh, Marisa Tomei and Kristen Dunst.

The Taylor exhibit will be on display at Bulgari's Beverly Hills flagship through March 10.