FOR THE FIRST TIME

PCGG to exhibit Imelda’s P15B jewels

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Twenty-seven years after the ouster of the late dictator Ferdinand Marcos, the public will finally get to see the fabulous jewelry collection amassed by Marcos’ wife, now Ilocos Norte Rep. Imelda Marcos, during the 20 years they held power.

Imelda’s jewelry collection, which the government seized in 1986, will be put on display this year.

The Presidential Commission on Good Government (PCGG), the agency given the task of tracking down and recovering the Marcos ill-gotten assets, is in serious talks with the agencies concerned over logistics, costs and security matters with regard to the exhibit, said PCGG Commissioner Maita Chan-Gonzaga.

The PCGG is aiming to mount the exhibit by the third quarter of the year at the earliest.

Gonzaga said the finance and tourism departments and the National Museum support the project.

She said Imelda’s jewelry collection is being put on display not so much for the tourism appeal but for the historical significance.

Another symbol

Next to the 2,000 or so pairs of shoes she left behind in Malacañang during the 1986 People Power Revolution, Imelda’s jewelry is another symbol of the infamous ostentatiousness and unseemly extravagance of the former first lady, she said.

“(The exhibit) is a mechanism for remembrance, to make sure any revisionist history doesn’t take root, so the excesses of the past will not be forgotten,” Gonzaga said.

“The tourism value is secondary to us. It’s not to aggrandize the jewelry. It’s part of a larger picture. You can’t forget the abuses of the past,” she said.

Three caches

The Imelda jewelry collection, comprising three caches, is stored in the vaults of the Bangko Sentral ng Pilipinas (BSP) and has stayed there since 1986.

The Hawaii or Honolulu collection consists of 400 pieces seized by the United States Bureau of Customs from the Marcoses when they fled to Honolulu after the first Edsa People Power Revolution of 1986.

The Malacañang collection, composed of about 300 pieces, were left behind in Imelda’s closets when the Marcoses hurriedly left the Palace in 1986.

The so-called Roumeliotes collection of 60 major pieces is named after Imelda’s Greek accomplice, Demetriou Roumeliotes, who was caught trying to spirit the jewelry out of the country a few weeks after the Marcoses fled.

The Malacañang collection is still entangled in litigation at the Sandiganbayan antigraft court. Government lawyers asked the court last November for a partial summary judgment on the case.

The Imelda jewelry hoard was last appraised before 2003, according to Gonzaga.

At the time, the Roumeliotes collection was valued at around $6.4 million, the Malacañang collection at $7 million and the Hawaii collection at $2 million.

The previous PCGG administration reported in 2006 that international auction houses Sotheby’s and Christie’s estimated the entire lot to have a value of P15 billion.

All accounted for

An inventory was done in a joint audit by the Office of the President, the Bureau of Customs and the PCGG in November and December last year.

Gonzaga has dismissed rumors that some of the pieces have been stolen from the BSP vaults or replaced with fake ones. She said she could vouch for the top-notch security of the vaults.

“They are all accounted for,” said PCGG chairman Andres Bautista.

He said Sotheby’s and Christie’s have been contacting the PCGG about finally auctioning off the jewelry but the plan is to exhibit the jewelry first before selling.

Receipts, checks, notes

Also to be put on display with the jewelry are the receipts and canceled checks and personal notes that give the background on how Imelda acquired her fabulous jewelry collection, Gonzaga said.

It will not be possible to display all the pieces, she said, but only representative pieces from each collection, which consists of tiaras, necklaces, brooches, earrings studded with valuable gems and even diamond-studded belts.

The government tried in 1994 and 1996 to sell the jewelry to raise money for the government but court cases and disputes over the terms of the sale prevented the auction.

Another attempt was made in 2005 but Imelda went to a Manila court, asking for an injunction against the auction, saying the jewelry belonged to her and claiming that some pieces were supposed family heirlooms.

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  • cato_the_younger

    I just recently bought a quite expensive book by Laurence Graff, the famous jeweler and in it were pictures of the most astonishing jewelry that he had sold. There were two pages devoted to Imelda, one with her picture and his narrative on what he sold her – it looks like she was among his biggest customers. He narrated about three world-class diamonds that he had sold her – for more than $10 million in the 1980s. It is still considered today as one of the highest known jewelry transactions. He said he was made to board the Ang Pangulo with the dictator and his wife, got stuck with them in an island for a few days and went home with the sale. Those diamonds appear to be not on the PCGG hoard. Considering that one of them was quite historic (the famous Idol’s Eye) and how the prices for diamonds have risen and with more and more billionaires willing to shell out good money for exquisite and rare pieces, those three stones are probably worth $20 to $30 million by now, possibly more. I just find it ironic that while the country was then in crisis and so many people were going hungry, Imelda was wearing a chunk of the country’s GNP in her ears and neck. The more tragic aspect is that, she still continues on sashaying about and never meted out justice for the plunder and mass killings that happened during their unlamented conjugal reign.

    • http://twitter.com/ZALZANZIBAR ALBERTO ZALAZAR

      Si Imelda ang nasa HEADLINE ngayon…ha ha ha !…mukhang nakalimutan na natin si Madame GLORIA…?…ha ha ha !

      • http://www.facebook.com/people/Psiitoon-Charoenkrung/100001362990665 Paitoonn Charoenkrung

        ganyan ang mga yellowish, pag hindi si Goria si Imelda. Pakitingin nga sa kapatiran ni Pnoy and mga asawa ng high government officials kung gaano kalaki and mga diamonds na pag mamayari nila

      • http://twitter.com/ZALZANZIBAR ALBERTO ZALAZAR

        …para maiba ang attention ng TAO…kaya…si ATE MELDY at si Tita GLO ang pagusapan…ha ha ha !…Yellowish kamo…?…ano yan may …HEPA ?…ha ha ha !

    • http://www.facebook.com/people/Psiitoon-Charoenkrung/100001362990665 Paitoonn Charoenkrung

      Whats the big deal? even now, wives of high government officials and rich businessmen are wearing expensive jewelries

      • cato_the_younger

        It is a big deal if your husband’s salary was if I’m not mistaken, then only P35 thousand a month, and somehow, you managed to pay $10 million dollars for three stones. This is not a rumor as it came straight from the sellers mouth. Where did the money come from?
        By the way, spitoon, I assume you and her are not one and the same.

  • Stun Black

    mas tatatas ang presyo niyan kapag namatay na ang may-ari.

    • NAGMAMARUNONG

      I DON’T CARE IF THE PRICES OF THOSE JEWELRIES APPRECIATE. WHAT I CARE AND APPRECIATE IS MAMATAY ANG MAY-ARI.

      • http://www.facebook.com/people/Psiitoon-Charoenkrung/100001362990665 Paitoonn Charoenkrung

        baka ikaw ang mauna. he who curses another that curse will come back to him/her

      • NAGMAMARUNONG

        gladly basta sabay-sabay tayong magunaw, besides i don’t believe in reverse curses. hehehe.

      • http://www.facebook.com/people/Psiitoon-Charoenkrung/100001362990665 Paitoonn Charoenkrung

        you don’t believe? thats what the Lord says, whatsoever you do unto others it shall be done to u

  • Benigno the Turd

    Money well spent by Imelda.

    • NAGMAMARUNONG

      WHOSE MONEY?

  • marivon

    Bong Bong and Imee still insist that their Father has done nothing wrong. Oh maybe they were gifts, maybe they were from Marcos’ earlier salary or maybe Imelda inherited a cache of wealth. Bong/Imee: mamdarambong ang tatay ninyo ang kapal ng mukha ninyo para sabihin walang ginawang masama ang nuno mo at ikumpara kay Lee Kuan Yew.

    • http://www.facebook.com/people/Psiitoon-Charoenkrung/100001362990665 Paitoonn Charoenkrung

      hahaha, is it another baseless allegations? If u have proof then bring them to the court

      • pinoydin

        Hey Marcos’ crony, SHUT UP!!! O baka ikaw si Imelda o isang anak ni Marcos ano?

      • http://www.facebook.com/people/Psiitoon-Charoenkrung/100001362990665 Paitoonn Charoenkrung

        hahaha, I’m not a crony of anybody, I just want truth to abide and not emotions and half truth

      • Simplify1

        What other proof would you need? The jewelries and receipts indicating that the marcoses paid for it are all there!

  • Hey_Dudes

    I am betting my bottom these bedazzled jewelries are nothing but ‘puwit ng baso’. Matagal ng hawak ng mga PCGG Khawatans matagal ng napilitan ng puwit ng baso yan.

  • http://www.facebook.com/people/Psiitoon-Charoenkrung/100001362990665 Paitoonn Charoenkrung

    The government should return those jewels to the owner instead of parading it to the public. It is her private property and the government has no right to keep it. Its not a big deal for the former wife of a president to own such expensive jewelry. Even ordinary rich citizens of the country owned jewelry maybe more expensive than that.

    • NAGMAMARUNONG

      WHAT AN OPINION!

    • pinoydin

      YES, return those jewels to the owner, THE PEOPLE OF THE PHILIPPINES, dahil ninakaw yan ni Imelda sa kanila.

      • http://www.facebook.com/people/Psiitoon-Charoenkrung/100001362990665 Paitoonn Charoenkrung

        another baseless allegation; prove it and bring them to court if u have evidence; if not then better shut up

    • duhconsul

      you, sir, are a genius. your parents must be very proud of you.

  • Horst Manure

    Every school child should be able to see what history has given them and why they are living in a 3rd world country all because of a sociopaths and the kids can ask them selves why do people still vote for both B & I.
    They should be ask B & I to front up with receipts and any thing with out assumes to be stolen from the people.

  • pikloy

    If indeed they are worth so much and they were acquired with the peoples money for 2 to 3 decades they have been kept, why display them, auction them and return the money to the people.

  • tristan marius

    sayang, naipulit ni Imelda ang 36 Louis Vuitton suitcases full of diamonds and jewelries which financed her cases while in exile.

  • Rolly257

    Hindi naman kay Imelda ang mga alahas na iyon…hiniram lang. Halos magpalimos nga si Imelda para sa ikabubuhay niya.

  • Carol Lee

    ano? P15 Billion worth of jewelries? at P18 Billion of real estate properties, kaya pala talagang naghirap ang bayan natin, eh ang cash money magkano naman.
    Ang why are these people still being elected to gov’t positions? Marcos couple did it bigtime. wow sobrang greedy.

  • yumcha08

    Display the jewels alongside the pictures of Ferdinand and Imelda Marcos.
    With the glitter of gold and diamond, who knows, Filipinos will find a deeper appreciation of the cliche ‘In Pinas, greed does pay’- specially the conjugal ones!

  • UrHONOR

    P15B! Anak Za Pote, SAAN pinagdedekwat ng TNL na SWEETIQUE ang ganyang halaga na nauwi lamang sa poonyetahng mga alahas na yan? KUNG sa taong bayan, at malaki ang kutob ko na ganuon na nga, dapat sa TNL na yan ay residente ng Munti at hindi sa Batasan. Baboy-na-baboy na talaga ang batasan….ang dami-daming kawatan, magnanakaw, mandarambong, mangungulimbat, mandurugas, tongpats technicians, under-the-table specialists, commissioners, sleeping-with-the-fishes practitioners, immoral scholars, at kung ano-ano pang TNL na kadalubhasaan.

    15B! Ilang mga kabayan ang namatay sa gutom ng mga panahong yon sa ganung katumbas na halaga? Ilang mga pamilya, buhay, at kabuhayan ang yinurak ng P15B na yan na napunta lamang sa callanhndy*n ng TNL na planderer na yan? Noon panay-na-panay ang SIGAW ng halos na LAHAT ng, “NEVER AGAIN, NEVER AGAIN”, pero ngayon ang sagot ng mga TNL ay, “We’ll do it AGAIN and AGAIN and AGAIN and AGAIN and AGAIN till thy kingdom come!”. O, ano, may nagawa ba TAYO? Bukod sa pa-drama-drama at pasulat-sulat ng mga matatapang na pangungusap sa internet, may nangyari ba? HINDI lang sa wala, bagkus ay masahol pa sa wala! Ito ay pagpapalahad lamang ng kuro-kuro at hindi pangpupuna sa kaninuman.

  • Rodolfo Corneja

    ha ha ha , this is again another bruhaha , , i have seen the said thousans of imelda shoes displayed way back 1988 0r 89 , i already uncertain , its not very significant as what the news descrived it , this is another scenario created to divert peoples attention to dismal performance of those holding the highier office , , and to earn good imaGE , , THIS KIND OF MENTALITY IS A HINDRANCE TO OUR COUNTY S, IMPROVEMENT ,

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