Value of Marcos jewels may have doubled – PCGG

IF the value of the jewelry collections seized from the Marcoses is doubled from its appraised value more than two decades ago, the government may get more than P700 million if it decides to put the jewels on the block, an official of the Presidential Commission on Good Governance (PCGG) said Wednesday.

The commission does not yet know how much the three collections of jewels are worth since appraisers from Christie’s and Sotheby’s are still appraising the jewelry.