PHOTOS: The Marcos jewels

 

Antique Sapphire and Diamond Necklace worth US$220,000 or approximately P9,775,700. According to the PCGG, this could fund 120 classrooms or provide the annual salaries of at least 50 public school teachers.


Other pieces of Marcos jewels

Other pieces of Marcos jewels

Cabochon Ruby, Mabe Pearl and Diamond Tiara. According to Christie's 2003 appraisal, this one tiara is worth US$20,000 or approximately PHP888,700. According to the PCGG, this could finance the college education (tuition for 4 years) of about 426 students at the Polytechnic University of the Philippines.

Other pieces of Marcos jewels.

Cultured Pearl and Diamond Tiara by Catchpole & Williams with estimated value of $20,000 to $25,000.

Other pieces of Marcos jewels.

There are currently three sets of jewelry held for safekeeping in the Bangko Sentral ng Pilipinas vault: 1) the Roumeliotes Collection; (2) the Malacañang collection; and (3) the Hawaii/PCGG Collection.

Last month, the Sandiganbayan forfeited in favor of the Philippine government the third Imelda Marcos jewelry collection that was seized in 1986.

This belt of intricately woven 18k gold with a diamond studded buckle is estimated by Christie's Auction House and Sotheby's to be worth US$15,000 in 2003. 

Based on the estimate of Christie's Auction House in 1991, the total value of all three sets of Marcos jewelry stored at the Bangko Sentral ng Pilipinas vault ranges from a low of $6,379,060 to a high of $8,571,494.

At current exchange rates, the value of the jewels ranges from PHP283,453,531 to PHP380,874,335.

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