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Imelda Marcos' jewels to go on sale after green light from Philippine president

Published 05/30/2019, 11:08 PM
Updated 05/30/2019, 11:10 PM
Imelda Marcos' jewels to go on sale after green light from Philippine president

MANILA, May 30 (Reuters) - The jewellery of former
Philippine first lady Imelda Marcos, famed for her extravagant
spending and vast shoe collection, will go on sale with the
proceeds going to benefit the Philippine public, the president's
spokesman said on Thursday.
The government's assets recovery body had sought President
Rodrigo Duterte's approval for the sale of one of the three sets
of jewellery confiscated three decades ago after the fall of
Imelda's husband, the late dictator Ferdinand Marcos.
"I asked (Duterte), are you going to give your go signal to
sell? (He said) yes, as long as the proceeds from the sale will
benefit the public," presidential spokesman Salvador Panelo told
reporters in Tokyo where Duterte is on a working visit.
The collection, seized in Hawaii, where Ferdinand and Imelda
Marcos lived in exile, includes a rare 25-carat, barrel shaped
diamond which London-based auction house Christie's said in 2015
could be valued at $5 million.
The government had tried to auction the collections in the
past but Imelda Marcos, now 89, had contested the move. The
three sets in the collection, held in the central bank's vault
for safekeeping, were valued at $6 million in 1991.
Imelda is perhaps best known for leaving behind more than a
thousand pairs of shoes when her family fled the Philippines
after a people power revolution in 1986.
But after the late dictator died in exile in 1989, the
Marcos family was allowed to return and have made a political
comeback with several members elected to public office.
Duterte's rise to power has been a boon for the Marcos
family. He backed the senatorial campaign of Imelda's daughter,
Imee, who won a senate seat in this month's mid-term polls.


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