Quantcast
Latest Stories
FOR THE FIRST TIME

PCGG to exhibit Imelda’s P15B jewels

By

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.


Follow Us

Follow us on Facebook Follow on Twitter Follow on Twitter


Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: Ill-gotten wealth , Imelda Marcos , Jewelry , Philippines , Presidential Commission on Good Government (PCGG)




Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94
Advertisement
  1. Napoles spills beans on Enrile, Estrada, Revilla – De Lima
  2. Opinions split on Napoles turning state witness
  3. Delfin Lee: Blame Pag-Ibig, not me
  4. Plunder complaint filed vs PNP chief, firearms office head over license delivery deal
  5. Cedric Lee’s cohort flies out of PH despite look-out order – De Lima
  6. San Juan cops fail to arrest Cedric Lee
  7. More ‘Yolanda’ bodies found
  8. Gigi Reyes pins blame on aide
  9. Lawyer: Napoles ‘will tell all’
  10. Boy ‘sexually assaulted’ at Indonesia international school
  1. Kim Henares needs a reprimand, says Cayetano
  2. Estrada: Gigi Reyes won’t testify vs JPE
  3. Gigi Reyes pins blame on aide
  4. More legal woes for Cedric Lee
  5. Enrile chief aide back in PH ‘to face charges’
  6. Bernice Lee arrested by NBI team
  7. ‘No real progress in PH if dynasties not dismantled’
  8. Suspect in Vhong Navarro’s mauling wants to turn state witness – De Lima
  9. Henares on Pacquiao bashing: I did not start this
  10. ‘Mom, I love you,’ says text from student on sinking ferry
  1. KL confirms Malaysian Airlines Flight MH370 ended in Indian Ocean
  2. MRT passengers pass the hat for 6-year-old Ashley
  3. Rookie, lady cops lauded for quick response to MOA heist
  4. Malaysia averts another air tragedy; pilot lands troubled plane safely
  5. Revilla says he was joking; Lacson stands by his story
  6. Revilla ‘consulted’ Lacson on how he evaded arrest
  7. Cudia, dismissed for lying, got 99% in conduct
  8. Kim Henares needs a reprimand, says Cayetano
  9. Hammer-wielding robbers cause chaos at Philippines’ Mall of Asia
  10. Ex-PBA player Bryan Gahol dies in road mishap
Advertisement

News

  • Napoles tags over 100 officials in pork scam – Lacson
  • Vitangcol to sue Czech envoy
  • Senator’s kickback from pork bigger than those of Enrile, Estrada, Revilla – Lacson
  • 43 out of 414 Etihad passengers yet to be found, tested for MERS-CoV – Palace
  • Maid confesses in killing of 2 and stabbing of employer in Laguna
  • Sports

  • Caguioa blasts ‘no heart, soft’ Ginebra on Twitter
  • San Mig Coffee grinds out win over Alaska to force decider
  • UP nips St. Benilde; Adamson blasts RTU in Filoil women’s caging
  • Kevin Garnett responds to Raptors’ GM F word
  • Albert Pujols hits 500th HR of major league career
  • Lifestyle

  • Entering the monkhood a rite of passage
  • Haneda International Airport: A destination on its own
  • Wanted: Beauty queen with a heart that beats for the environment
  • Kim Atienza: At home with art and design
  • Life lessons I want to teach my son
  • Entertainment

  • Bollywood Oscars, film stars come to Florida
  • Ex-Fox exec denies allegations in sex abuse suit
  • Kris Aquino backtracks, says Herbert Bautista and her are ‘best friends’
  • Summer preview: Chris Pratt enters a new ‘Galaxy’
  • Bon Jovi helps open low-income housing in US
  • Business

  • SM to rebuild Tacloban hospital
  • PSEi slips after 4-day rally
  • Toyota sells 2.58 million vehicles, outselling GM
  • McDonald’s 1Q profit slips as US sales decline
  • SEC approves SM’s P15B retail bond offer
  • Technology

  • ‘Unlimited’ Internet promos not really limitless; lawmakers call for probe
  • Viber releases new design for iPhone, comes to Blackberry 10 for the first time
  • Engineers create a world of difference
  • Bam Aquino becomes Master Splinter’s son after Wiki hack
  • Mark Caguioa lambasts Ginebra teammates on Twitter
  • Opinion

  • One-dimensional diplomacy: A cost-benefit analysis of Manila’s security deal with Washington
  • No ordinary illness
  • Reforest mountains with fire trees and their kind
  • Day of the Earth
  • When will Chinese firm deliver new coaches?
  • Global Nation

  • Filipinos coming home from Mideast must obtain MERS clearance – DOH
  • US Secret Service in Manila ahead of Obama visit
  • Palace thanks Estrada for successful HK mission
  • Hong Kong accepts PH apology; sanctions also lifted
  • China won’t budge, wants PH gov’t to apologize to HK
  • Marketplace
    Advertisement