A new exhibition at the National Gallery of Victoria (NGV) will showcase priceless Bulgari jewellery, including emerald and diamond jewels gifted to actress Elizabeth Taylor on the set of Cleopatra.

The show, Italian Jewels: Bulgari Style, will feature more than 80 pieces of jewellery with a focus on the La Dolce Vita period of the 1950s and '60s, when Rome was a popular location for Hollywood films.

Among the collection are jewels gifted to Taylor by Richard Burton, her fifth husband, including an emerald ring he gave her on set of 1963 film Cleopatra, where their love affair first began.

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