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Princess Diana's Sapphire and Gold Floral Necklace with Prince of Wales Emblem is on Exhibit with Kazanjian's Jewels for Charity

Beverly Hills, CA (PRWEB) August 15, 2007 -- The Kazanjian Foundation's Jewels for Charity program, the charitable arm of the prominent jewelry company Kazanjian Bros., Inc., announced that the charity has received the late Princess Diana's sapphire and gold floral necklace with the Prince of Wales emblem to include in its Jewels for Charity Hollywood Collection which tours to fine jewelry stores, galleries and museums worldwide. The item is on loan and not for sale.

At any future events that showcase Princess Diana's necklace, Jewels for Charity will donate the host's thirty percent of the proceeds from sales of donated jewelry to the Princess of Wales Memorial Fund.

The Jewels for Charity Hollywood Collection features prized jewelry formerly owned by Hollywood's A-list celebrities including Bing Crosby, Clark Gable and Eva Gabor. Jewelry from such notables as Howard Hughes and the 78 ct diamond tiara worn by Madonna during her wedding to Guy Ritchie is also featured. These important donated pieces are the cornerstone of the Foundations philanthropy. It is through their sale that charities and individuals benefit.

According to Suzy Menkes' book The Royal Jewels, "Diana's natural taste was for sweet and traditional jewels. When Designer Lexi Dick was commissioned to make a wedding gift by the Worshipful Company of Goldsmiths, she presented her drawing to Diana. Instead of the bold white and gold unicorn set in the necklace of sapphire flowers, Lady Diana asked for the more conventional Prince of Wales feathers."

Jewels for Charity also received the original wax model of the unicorn, originally designed for the centerpiece of the gold and sapphire necklace, and original letters from designer Lexi Dick to include in the exhibit of the piece that belonged to Lady Diana. Word has it that she sold the item prior to her death on August 31, 1997 to a jewelry store in London.

Jewels for Charity provides individuals with an opportunity to donate fine jewelry to the charity of their choice and receive the highest tax benefit permitted by law. Jewels for Charity makes the donation process simple and enjoyable, and helps individuals help those less fortunate.

In the past, charities liquidated fine jewelry at wholesale rates, usually ten to twenty cents on the dollar, so jewelry donors could only deduct the amount the charity obtained, typically just pennies on the dollar. Jewels for Charity enables individuals and charities to obtain full fair market value for donated jewelry, often benefiting far more than from a liquidation sale.

Because the Kazanjian Foundation uses the pieces in its traveling educational Jewels for Charity Hollywood Collection tour, donors can realize more after taxes through Jewels for Charity than by selling the jewelry first hand.

In exchange for the opportunity to host the host the Jewels for Charity Hollywood Collection the venues are asked to sell the jewelry that has been donated by individuals at full market value. The host venue joins the effort by giving up their normal profit in exchange for the opportunity to donate 30 percent of the proceeds to a local charity of its choice, while the remaining 70 percent goes to the donor's charity of choice and the donor receives the tax benefit. To qualify for the Jewels for Charity program, a charity must be 501C (3) nonprofit, tax exempt and domiciled in the United States.

Donated jewelry must be worth over $10,000 per piece. Items preferred include Art Deco, vintage and exclusive items. Items are kept in the Jewels for Charity Hollywood Collection tour for two years and remain for sale at the appraised full market value. If a donated item does not sell by that time, the Kazanjian Foundation will sell it at auction and the funds will then go to the charity of the donor's choice.

For those interested in donating jewelry, please call 310.278.0811 for forms and procedures. If necessary, the Kazanjian Foundation will help individuals locate an independent appraiser in their local area.

About The Kazanjian Foundation (www.jewelsforcharity.org)

The Kazanjian Foundation, a 501c (3) non-profit organization, was established in 1957 to support scientific, artistic, cultural and other worthy causes. The Beverly Hills-based Foundation emphasizes programs for disadvantaged and underprivileged youth, and also provides scholarships for promising inner-city youths. The Kazanjian Foundation underwrites all costs and expenses incurred in the sale of any donated jewelry so that 100 percent of the proceeds go to charity.

Headquartered at 9489 Dayton Way, Suite 300, Beverly Hills, CA 90210; Tel: 310.278.0811; Fax: 310.275.0713 or visit www.jewelsforcharity.org

Contact: Kristin Gabriel

323.650.2838

kgabriel @ marcombroadband.com

www.marcombroadband.com

###

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