Letizia revalues ​​the royal jeweler

Letizia revalues ​​the royal jeweler

Letizia revalues ​​the royal jeweler

GLORIA SALGADO Madrid

They are majestic pieces and, for many, an object of desire. They are not for sale. And they hardly will be, although there have been cases (not isolated) in which descendants of blue blood have decided to change euros for diamonds, get rid of grandmother's jewelry to clean up the current account. Periodically, at auction, one of those pieces with History appears. Five years ago, for example, a bracelet that belonged to Queen Victoria Eugenia was auctioned at Sotheby's. 2.7 million euros were paid for this unique jewel, making it the second most expensive bracelet signed by Cartier in history. Needless to say, the bracelet did not belong to the Royal Family, nor was it part of the 'passing jewels', since we must not forget that it was this queen who, in her will, wrote that a series of pieces could only be used, from then on, by the queens of Spain.

In that jewelery box that Doña Letizia received from Doña Sofía three years ago, there are two tiaras: the one with the Lily flowers, which she 'premiered' in February of this year at the official dinner for the Argentine president, Mauricio Macri, and his wife, as well as the Cartier diadem. Can you put a price on these jewels? By proxy, you can, but according to CIRCA, an expert firm in jewelery appraisal, "the value of a piece is determined in the auction room, where in expert language we call it 'fair market value'". It could be said that its value is incalculable, because, today, there is no possibility of calculating. The Queen's jewels are not for sale. "One approximation might be to compare them to some similar jewelery that has been sold at auction in the recent past. Closely related to Spanish tiaras, Battenburg tiaras had an average auction price of between €130,000 and €200,000. The variety and size of the stones in the Spanish tiaras could raise that average value from 150,000 to 250,000 euros", they maintain from CIRCA. But be careful, "to this we must add the 'Premium' value, that is, the association that is generated by the interest in the current or previous owner of the article. Obviously that percentage is also difficult to estimate, since it depends on each character. But if you look at Princess Diana's possessions that were traded at their 'fair market value' add 50% to that."

Letizia revaloriza el joyero real

And with Doña Letizia, it is understood, something similar happens. Today, the Queen is much more in the media than Doña Sofía was on her day. Every time she appears in an act she is examined with a magnifying glass. Thanks to her, jewels of the Royal Family were rediscovered that had almost gone unnoticed when the owner of the jeweler was her mother-in-law. An example is the fleur-de-lis tiara or the twin diamond bracelets, which also belonged to Victoria Eugenia. Currently, Doña Letizia has up to eight tiaras for her use. In reality, as Victoria Eugenia testified, they are not hers, but she has them in usufruct until, when the day comes, she gives the historic legacy to the current princess Leonor. To the aforementioned tiaras of the flowers of Lis and Cartier (she has not yet put it on), she has (and has used) the one from La Chata, the floral one and the Prussian one. That of Queen María Cristina and Niarcos' ruby ​​tiara are still not 'brand new'. Doña Letizia, in fact, almost always resorts to the floral and the Prussian, so much so that she kept the Princess tiara in the jeweler for almost five years, a gift from Felipe VI on the occasion of her fifth wedding anniversary. The piece, from the firm Ansorena, cost 50,000 euros at the time. But, to realize how much a jewel worn by Doña Letizia can be revalued, if it were to go up for auction today, it would double its price at least. From that tiara a fleur-de-lis brooch is removed, which the Queen often wears. Well, "this piece is closely related to a couple of very similar pieces that were auctioned in 2016, and therefore allows us to value it at about 68,000 euros if it were to come to auction," they maintain from the expert firm in jewelry appraisal CIRCA, which, while aware of the difficulty involved in setting a figure, understands that "the eight 'Spanish' tiaras could have an auction value of between 1.8 and 3.1 million euros."

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