Government mulls sale of Imelda jewelry
The online news portal of TV5
MANILA, Philippines - President Benigno Aquino III wants a thorough study on the possible sale of the jewelry collection of former First Lady Imelda Marcos.
"We have not had any discussion on that. I want to know how much do we stand to gain if we sell the collection and if it is the right time. I have no expertise when it comes to jewelry," the President said.
"Maybe for my peace of mind, I also want to make sure that we will not be put in an embarrassing situation if we actually sell the collection (if some pieces turn out to be fake)," he added.
The Presidential Commission on Good Government earlier urged the Department of Tourism to exhibit Marcos' jewelry collection at the Metropolitan Museum in Manila before these are sold.
Previous estimates put the collection at between $10 million and $20 million.
The jewels are kept in the vault of Bangko Sentral ng Pilipinas.