|The Philippine government has approved the auction of former first lady Imelda Marcos' jewelry collection, worth approximately $21 million in total. There are three collections, each boasting a dazzling array of different jewels and precious stones.|
Two of these are still being contested in court, but the Hawaii collection, seized by US Customs when the family arrived in Hawaii after being overthrown in 1986, is now up for sale.
|The piece de resistance in the Hawaii collection is a rare 25-carat pink diamond worth at least $5 million.|
Only three pure, vivid pink diamonds of more than 10 carats have appeared for sale in almost 250 years of auction history, according to Christie's.
|Former First Lady Imelda Marcos’ jewelry and real estate are among the P18.2 billion worth of recovered ill-gotten assets of the late dictator Ferdinand Marcos. |
The Hawaii collection comprises jewels seized by the United States Bureau of Customs from the Marcoses when they fled to Honolulu during the 1986 People Power revolt.
|The government still holds about 760 pieces of Marcos’ jewelry in three collections. |
That includes 300 pieces of jewelry retrieved from the Malacanang Palace right after People’s Power Revolution, 400 items confiscated in Hawaii, and 60 items seized by the Philippines’ Bureau of Customs from a Greek national accused of smuggling the jewels out of the country.
|In the closing months of World War II General Yamashita Tomoyuki was in charge of hiding tons of Japan's looted gold and treasure.|
Expert teams accompanying Japan's armed forces systematically striped anything of value from conquered territories. An effective US blockade prevented shipment and at one time there were more than 175 Imperial treasure sites hidden in caves and tunnels throughout the Philippines.
With US forces closing in, the chief engineers of all the vaults were called together with General Yamashita 67 meters underground in Tunnel 8 in the mountains of Luzon. They became drunk on sake and sang patriotic songs.
|At midnight, General Yamashita Tomoyuki and his aids slipped out. Dynamite charges were set off in the access tunnels, entombing the engineers.|
The General escaped to Tokyo by submarine and three months later surrendered to American troops.
|Yamashita's driver led the Americans to more than a dozen treasure vaults in the rugged country north of Manila. What they found astounded everyone.|
In November 1945, General MacArthur strolled down row after row of gold bars stacked two meters tall during a tour. In another 500 meter tunnel west of Mindanao, 12.5kg Gold bars were stacked 1 meter high.