Imelda jewels won't be sold just yet


Posted at Jan 15 2014 07:15 PM | Updated as of Jan 16 2014 03:15 AM

MANILA - Malacanang is elated the Sandiganbayan forfeited in favor of the government one of three Imelda Marcos jewelry collections.

Presidential spokesperson Edwin Lacierda said, however, that it is still early to decide whether to auction the so-called Malacanang Collection.

“We are happy that the Supreme Court issued that decision but as to whether what further actions we will take will now depend on the right of appeal of the Marcos family,” he said in a press briefing.

The Sandiganbayan special first division said the so-called Malacanang Collection was part of the Marcos ill-gotten wealth. A 33-page decision was penned by Associate Justice Efren de la Cruz.

The Malacanang Collection is smaller than the Roumeliotes and Hawaii Collections. In a 1991, the pieces were appraised at $153,089 or P6.7 million.

The Roumeliotes Collection is composed of 60 pieces of extravagant jewelry and gemstones.

The Hawaii Collection, meanwhile, is the jewelry confiscated from the Marcoses when they arrived at the Honolulu International Airport after they were forced out of Malacanang by the 1986 people power revolution.

“It is not final and executory. Until such time that it becomes final and executory in favor of the Republic, that’s the only time that we will make a decision,” Lacierda added.

The decision is still subject to appeal. The Presidential Commission on Good Government earlier said the gov’t may sell the collection.