Duterte Gives The Go Signal For The Sale Of The P704.8 Million Marcos Jewels

The president once again proved his unbridled neutrality when he approved the auction of the seized Marcos jewels which are worth around P704.8 Million pesos. He did not have any objections on the proposed public auction of the former first lady Imelda Marcos’ jewelry collection.

No Objections

According to Executive Secretary Salvador Medialdea, the Office of the President does not have any objections to the proposed auction of the sequestered pieces of jewelry so he will move for the Philippine Commission On Good Government (PCGG) to facilitate the sale of the said jewels.

The president wanted the people to gain from the sale of the jewels, so he gave his go signal when he was assured by his men that the proceeds from the sales will go directly to the Filipino people.

Unbiased Leader

Despite allegations that he and the Marcoses are allies, the president showed neutrality in disposing of the seized jewels. His stand on the matter does not change nor diminish the relationship that he has with the Marcoses.

His decision to approve the auction of the sequestered jewels only reinforced the positive leadership that he has been practicing. He has always maintained that his loyalty is only to the Filipino people and no one else. No amount of friendship or allegiance will change how he leads the presidency.

Jewels Fit For Royalty

The seized jewels are composed of three sets of collections valued at P1 Billion when auction houses Christie’s and Sotheby’s made their pre-appraisal last 2017. According to the auction houses, the jewelry collections are fit for royalty as it consists of rare gems and stones.

Rare Indian diamonds, Burmese rubies, and Colombian emeralds are some of the gems included in the collection. The centerpiece of them all is the very rare 25-carat pink diamond that is said to be worth more than $5 million dollars.

Source: ABS-CBN News

Leave a Reply

Your email address will not be published.