The history behind the Marcos jewelry collection doesn’t matter. Neither do the personalities behind it. Both the history and the personalities are from a sad era that is now passed. The only thing that matters now is that the jewelry collection is in the possession of the Philippine Government. I think this is where it should stay permanently as a possession of the Philippine people.
President Gloria Macapagal-Arroyo has decided to leave the sale of jewelry to the incoming administration. I support this decision for my own reasons regardless of the reasons given in the press. There have been attempts to sell the jewelry collection for some 10 years now. The jewelry collection, said to be worth P15 billion, includes a ruby pendant, a 100-carat diamond necklace and other valuable pieces. But jewelry appraisals prices have risen dramatically in value in the past ten years and in five years the collection appraisal price could double. In 10 years it could double again.
Today Senate Majority Leader Juan Miguel F. Zubiri strongly suggested the Marcos jewelry collection could be lent to the National Museum for viewing by all citizens rather than auctioned off. I like that idea.
The Marcos jewelry collection is now in the possession of the Bangko Sentral ng Pilipinas and is being held in a vault.