THE PHILIPPINES | Imelda’s “Emperor Maximilian Diamond” Can Now Be Yours!

THE EMPEROR MAXIMILIAN DIAMOND

Estimate: $ 1,000,000 – $1,500,000

In January 1983, Graff sold The Emperor Maximilian, together with two other important diamonds, in a single transaction to the same buyer, Madame Imelda Marcos, wife of the President of the Philippines. Subsequently, it was sold and re-cut in the 1990’s, to its current weight of 39.55 carats, and finally it was acquired by the present owner.

Collectors worldwide now have the unique opportunity to acquire a truly historic diamond which apart from its captivating luminosity and size has an unparalleled history of 150 years.

Christie’s

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The following editorial appeared today in The Philippine Star. It requires no further introduction.


GETTING AWAY WITH EVERYTHING

The news from New York over the weekend was that a 39.5-carat Brazilian diamond ring once owned by former first lady Imelda Marcos was set to be auctioned by Christie’s. The ring was first bought in 1860 by Archduke Maximilian before he was named emperor of Mexico. Imelda could afford to buy such expensive jewelry in 1983, and managed to sell it in the mid-1990s when the government was supposed to be running after ill-gotten wealth.

The widow of the late strongman Ferdinand Marcos has openly lamented the confiscation of the piles of jewelry that she had taken with her on the US military plane that flew her and her husband to exile in Hawaii in February 1986. The government has also confiscated her family’s real estate properties in New York and Swiss bank accounts. But Imelda Marcos is far from impoverished, and the sale of that ring only added to the wealth that she once said she would distribute to Filipinos to eradicate poverty in the country.

The self-styled purveyor of ‘the true, the good and the beautiful’ continues to flaunt her enormous jewelry collection. She has never been convicted of even a traffic violation, even in New York, where a jury cleared her of charges in connection with ill-gotten wealth.

Imelda was rebuffed by voters when she ran for president, but she does well in local politics. Today she is running for a congressional seat in her late husband’s bailiwick, and she is expected to win. It will be a comeback for her after serving as congresswoman representing a district in her home province of Leyte. The Marcoses continue to enjoy a solid following in the Ilocos Region, and several presidential aspirants are courting their support.

Their full rehabilitation, without ever being convicted of any of the numerous criminal complaints lodged against them, is a constant reminder of the country’s failure to hold public officials accountable for amassing wealth through questionable means. That failure has guaranteed the perpetuation of a culture that has given us the ZTE and NAIA-3 scandals, corrupted election officials and a judiciary co-opted by the executive. Imelda Marcos is a living icon of getting away with everything.

– “Getting Away with Everything,” (editorial). philstar.com 21 April 2010

I think diamonds are a racket, but this is a nice piece of bling! I’m sure Meldy misses it.

update:

Price Realized

22 April 2010:

$1,762,500

Estimate:

$1,000,000 – $1,500,000

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in old but related news …

Imelda clears out closets for new jewelry line

Imelda Marcos comes into fashion: The former first lady of The Philippines is launching her own fashion label

A necklace is hung on an image of former first lady of the Philippines Imelda Marcos during the opening of her exhibit in Manila November 18, 2006.

Former first lady of the Philippines Imelda Marcos answers questions from the media during the opening of her exhibit in Manila November 18, 2006.

Members of the media look at displays of jewellery of former first lady of the Philippines Imelda Marcos during the opening of her exhibit in Manila November 18, 2006.

Former first lady of the Philippines Imelda Marcos looks at a pair of shoes during the opening of her exhibit in Manila November 18, 2006.

PHOTOS: REUTERS/Cheryl Ravelo

Former Philippine first lady Imelda Marcos who is running for a congressional seat, shows a newspaper page during a news conference at the hotel in Laoag city, Ilocos Norte province, north of Manila March 27, 2010. Imelda, 80, starts campaigning on Friday for Congressional seat, said on Saturday in a news conference, that she fears for her safety due to alleged harassment by her political enemies.

– Reuters Photographs

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further reading:

Anti-Pinoy :) | Imelda’s “jewelries” and the yellow blight at the PCGG


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