Imelda Marcos’s ‘ill-gotten’ jewels up for sale | CNN
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Imelda Marcos’s ‘ill-gotten’ jewels up for sale
An official shows a piece of jewelery confiscated by the Philippine government from former first lady Imelda Marcos in 1986.
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One of the most notable pieces up for auction is a rare 25-carat pink diamond.
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The collection was seized in three batches. Philippines officials value the collection to be worth approximately 1 billion pesos, or $21 million.
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Philippine authorities had the dazzling haul valued by auction authorities from Christie's and Sotheby's in November 2015, ahead of a possible sale.
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The jewels will be exhibited to the public prior to auction. The collection has deep historical significance in the Philippines.
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The government wants the entire collection to be auctioned before President Benigno Aquino III steps down next year.
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An agency official displays a diamond-studded piece of jewelery from the collection. Imelda Marcos was renowned for her lavish spending during her husband's time in power.
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The collection provides a stark look at how the Marcos family were living while the nation sank into poverty.
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The collection includes a Cartier diamond tiara. It was valued as being worth up to 10 times initial estimates of $50,000.
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The full collection includes pieces from famous jewelry makers such as Bulgari, Van Cleef & Arpels and Bucellatti.