Imelda Marcos's Collection Gigantic Gems to Attract Tourism
Which collection of Mrs. Imelda Marcos that would attract tourism? Her shoes or her jewelries? Yes seriously which is more attractive than the beautiful islands of the Philippines?
Published onSep 24, 2012
The glitter of gold and the sparkle of diamonds from Imelda Marcos' jewelry collection may yet attract more tourists than her shoes, said the agency tasked with recovering the ill-gotten wealth of her family.
"First, we should put these on exhibit because we think these can attract tourists and second, we should auction these jewelry off. Sotheby's already called us and expressed interest in auctioning these off," PCGG Chairman Andres Bautista said in a phone interview.
Bautista said that previous estimates pegged the Imelda jewelry collection at between $10 million and $20 million.
"We think, notoriety has a premium. It should be more than that," he said.
Divided in 3 caches
Imelda's jewels that the government have seized are divided into three caches.
■The Malacañang collection which has roughly 300 pieces that were left behind in Imelda's closets when the Marcoses hurriedly left in 1986.
■The Honolulu collection containing at least 400 pieces that were sized by the United States Bureau of Customs from the Marcoses when they fled to Hawaii.
■The collection named after Imelda's Greek accomplice, Demetriou Roumeliotes, who was caught by Philippine authorities trying to spirit 60 pieces of jewelry out of the country a few weeks after the Marcoses left the country.
"All of these are in the vault of Bangko Sentral ng Pilipinas and they are under the jurisdiction of the PCGG and the Department of Finance. The Roumeliotes collection is the most expensive because it has very big pieces," Bautista said. Its most prominent piece is a 37-carat diamond