Christie's and Sotheby's are set to appraise the jewels including the Malacañang collection, which was abandoned when the Marcoses fled the Palace; the Hawaii collection, seized by the US Bureau of Customs upon the Marcoses' arrival in Hawaii in 1986; and the Roumeliotes collection that Demetriou Roumeliotes attempted to smuggle out of the country after the ouster of the late dictator Ferdinand Marcos.
A 1991 assessment valued the three jewelry collections at 5 to 7 million dollars.
Presidential Commission on Good Government (PCGG) Chair Richard Amurao said the appraisal is a significant step in determining the jewels' current value, which will also open the way for determining a final resolution on the assets.
- ANC, Market Edge, November 24, 2015
source: www.abs-cbnnews.com
