Imelda's Jewelry Appraised for Possible Auction

The Philippine government is appraising the dazzling jewelry collection seized three decades ago from Imelda Marcos, the former first lady famous for her massive stash of shoes, as it decides what to do with the jewels one expert compared to those owned by royalty.

The jewelry was seized when dictator Ferdinand Marcos and his family fled to Hawaii in 1986 following a popular revolt that ended his two decades in power. The pieces include a barrel-shaped diamond worth at least US$5 million and a Cartier diamond tiara that's likely multiple times more valuable than the previous estimate of $30,000 to $50,000. More on