Experts find synthetic jewels in Marcos collection

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The Presidential Commission on Good Government (PCGG) wants the Hawaii collection to be auctioned off by next year.

Metro Manila (CNN Philippines) — Amid allegations that the jewelry collection of former first lady Imelda Marcos had been replaced with fake ones, the Presidential Commission on Good Government (PCGG) admitted on Friday (November 27) that experts have identified some pieces to be synthetic.

PCGG Commissioner Andrew De Castro said the body will have to cross-check the inventory if the set confiscated from the Marcoses actually included synthetic pieces.

De Castro made the claim as the appraisal of Marcos jewelry resumed today at the Bangko Sentral ng Pilipinas, focusing on the Hawaii and Malacañang collections.

Experts from international fine arts auction houses Christie’s and Sotheby's re-appraised tiaras, and necklaces teeming with different sizes of diamonds, pearls, and other gems.

The other set, the Roumeliotes collection, had also been appraised earlier this week.

Related: PCGG holds appraisal of Marcos jewelry

The three collections are believed to be part of the Marcos family's ill-gotten wealth. The Malacañang collection was declared ill-gotten by the Sandiganbayan only last year. 

De Castro said it might take about two to three weeks before the experts can give a final estimate of the collections' current value.

The PCGG wants the Hawaii collection to be auctioned off before Pres. Benigno “Noynoy” Aquino III steps down next year.

De Castro said the process might take longer when new officials are appointed to the commission, and because the PCGG would have to get the approval of the Privatization Council first.

The agency has yet to come up with a final timeline on the possible sale of the collection, De Castro added.

CNN Philippines’ AC Nicholls contributed to this report.