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Imelda Marcos Sues to get her Diamonds Back!

Imelda Marcos, former first lady and wife of the late President Ferdinand Marcos of the Philippines, filed a motion in court to prevent the auction of as much as $10 million worth of diamonds and jewelry.

Marcos said the jewelry is hers and told the government to "Please stop this. This is too much repression."

Christie's auction house was already sorting jewels to prepare bid for auction as early as November, but a complete and current value of goods remained unknown. The collection includes a Burmese ruby, diamonds and two diamond tiaras, and many pearl necklaces and jewelry. Sotheby's and Boham's are scheduled to review the collection in coming days.

In 1986 United States customs officials confiscated diamonds carried in diapers by the Marcoses after their flight arrived in Hawaii from Manila.

Marcos, 76, filed a petition on September 15 to stop the sale of the collection including that of a 37.5 carat diamond. She says in the document that the diamond was left at the couple's home when they fled to Hawaii and it was then stolen before it ended up with "a certain Demetriou Roumeliotes, who attempted to smuggle them out of the country."

Roumeliotes is a Greek national who was prevented from fleeing Manila with 60 pieces of jewelry.

Proceeds from the sale of Marcos' jewelry would fund a land reform program in the Philippines. The jewelry was twice before prevented from auction due to litigation.

Hey, Yo, Phillipine Government! I agree with Imelda. Give her back her diamonds and jewelry! If you guys want to make some real money, auction off her shoes!


Posted by Barry Gutwein on September 17, 2005 10:04 PM in Diamond News | Comments (25)

Comments

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