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<p>The privatization and management office has approved the sale of a controversial Marcos jewelry collection.</p><p>Finance Undersecretary Gil Beltran, chair of the Private Management Office said the sale of the so-called Hawaii collection will proceed as planned after the Marcos family voluntarily relinquished ownership of the jewelry set.</p><p>Beltran said proceeds from the sale will go to the Bureau of Treasury and Presidential Commission on Good Government.</p><p>The Hawaii collection includes a rare 25-carat barrel-shaped pink diamond, and was among those appraised by Christie&#x27;s and rival Sotheby&#x27;s in November last year.</p><p>It could be recalled that the pink diamond was initially valued at $5 million.</p><p>&quot;Some of the pieces are so important, so magnificent. There&#x27;s a very wide variety of pieces - antique to modern, which is again what you would see in a current day royal collection - things that fit every occasion. So if you put me in there to value the jewelry and I had no knowledge of where it came from, I would say this feels like a royal collection,&quot; David Warren, director of jewelry at London-based Christie&#x27;s, had said in the November <a href="http://news.abs-cbn.com/focus/11/24/15/christies-says-imelda-marcoss-jewelry-collection-fit-for-royalty"><strong>report</strong></a>.</p><div class="containing-block"><div class="outer-container"><script language="JavaScript" type="text/javascript" src="http://admin.brightcove.com/js/BrightcoveExperiences.js"></script><object id="myExperience4755785363001" class="BrightcoveExperience">  <param name="bgcolor" value="#FFFFFF"/>  <param name="width" value="510"/>  <param name="height" value="300"/>  <param name="playerID" value="1880751799001"/>  <param name="playerKey" value="AQ~~,AAABtXvbPVE~,ZfNKKkFP3R9qoEvgz2KMCs8gaY-UGBkT"/>  <param name="isVid" value="true"/>  <param name="isUI" value="true"/>  <param name="dynamicStreaming" value="true"/>    <param name="@videoPlayer" value="4755785363001"/></object><script type="text/javascript">brightcove.createExperiences();</script></div></div>

The privatization and management office has approved the sale of a controversial Marcos jewelry collection.

Gov't OKs sale of multi-million Marcos jewelry collection

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Gov't OKs sale of multi-million Marcos jewelry collection

ABS-CBN News

Published Feb 15, 2016 02:34 PM PHT

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Updated Feb 15, 2016 04:36 PM PHT

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