Christie's auction house said it will announce details and the timing of the sales later this spring.
Taylor died last month of congestive heart failure at the age of 79.
The movie star was known for her passion for diamonds.
She published a book in 2003 entitled, "/*Elizabeth Taylor*/: My Love Affair with Jewelry," and her collection has included some of the world's most expensive stones.
The Associated Press contributed to this report.
