Marcos jewels

The Marcos jewels (sometimes also the Imelda jewels) generally refers to the jewelry collection of the Marcos family – most famously that of former First Lady Imelda Marcos. However, it also specifically refers to three collections of jewelry which were recovered by the Presidential Commission on Good Government (PCGG) in 1986,^[1][2] which the Philippine Supreme Court had ruled to be part of the Marcoses' unlawful wealth.^[3]

The three collections of jewels sequestered by the PCGG have been come to be called the "Hawaii collection", the "Malacañang collection", and the "Roumeliotes collection".^[4][5][6] The "Hawaii collection" refers to a group of jewels seized by the US Bureau of Customs from the Marcoses when they went into exile in Hawaii in 1986. The "Malacañang collection" refers to a group of jewels which were discovered in Malacañang Palace after the Marcoses fled the Philippines. The "Roumeliotes collection" refers to a group of jewels which were confiscated from Demetriou Roumeliotes, said to have been a close associate of Imelda Marcos, after he was caught trying to smuggle them out of the Philippines at Manila International Airport.^[7]

In February 2016, the government of the Philippines announced that the three collections had been appraised at ₱1 Billion (about $21 million),^[8] and that they would eventually be auctioned off after having been kept unsold by the government for three decades.^[9]