Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

Italy’s exiled royals want their jewels back

Italy’s exiled royals want their jewels back

Descendants of Italy’s last king have formally requested that the state return their priceless jewels.
Lawyers representing the descendants of Italy's last monarch will meet with representatives of the Bank of Italy and the government on Tuesday, in an attempt to negotiate the return of the crown jewels to the Savoy family, which have been held by the bank since 1946. Should they fail to reach an agreement, the Savoys plan to sue the state, Italy’s Corriere della Sera newspaper reported.

One way or another, “the Savoy family will get the jewels back,” the family’s lawyer stated.

Encompassing more than 6,700 diamonds and 2,000 pearls mounted on necklaces, bracelets, tiaras, and brooches, the collection is valued somewhere between €18 million ($20.3 million) and €300 million ($338 million). No evaluation has been carried out, and the jewels haven’t been in royal hands for more than 75 years.

Italians voted to abolish the country’s monarchy in June 1946, and King Umberto II, who had ruled for just over a month at that point, was banished into exile shortly afterwards. However, Umberto had sent the jewels to the Bank of Italy for safekeeping before leaving Italy, where they have remained to the present day.

The jewels were never formally confiscated by the Italian government, a fact that Umberto’s descendants in the House of Savoy are hoping will count in their favor when asking for them back. Additionally, a delivery report that accompanied the jewels to the bank in 1946 stated that they were to be kept available to those with the “right” to them.

The Savoys first made an informal request for the return of the jewels in November, which was rebuffed by the bank. The family have not yet taken any formal action to get the collection back, and male descendents of Umberto were only allowed back into Italy in 2002. Beforehand, they had spent 65 years in exile between Portugal and Switzerland.

Upon his return to Italy in 2003, Umberto’s son, Vittorio Emanuele, claimed that he no longer wanted the jewels, suggesting they be put on display instead, something that never happened.
AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
Satirical Sketch Sparks Political Spouse Feud in South Korea
Indonesia Quarry Collapse Leaves Multiple Dead and Missing
South Korean Election Video Pulled Amid Misogyny Outcry
Asian Economies Shift Away from US Dollar Amid Trade Tensions
Netflix Investigates Allegations of On-Set Mistreatment in K-Drama Production
US Defence Chief Reaffirms Strong Ties with Singapore Amid Regional Tensions
Vietnam Faces Strategic Dilemma Over China's Mekong River Projects
Malaysia's First AI Preacher Sparks Debate on Islamic Principles
Meta and Anduril Collaborate on AI-Driven Military Augmented Reality Systems
Russia's Fossil Fuel Revenues Approach €900 Billion Since Ukraine Invasion
Alcohol Industry Faces Increased Scrutiny Amid Health Concerns
U.S. Goods Imports Plunge Nearly 20% Amid Tariff Disruptions
Italy Faces Population Decline Amid Youth Emigration
Trump Accuses China of Violating Trade Agreement
OpenAI Faces Competition from Cheaper AI Rivals
Foreign Tax Provision in U.S. Budget Bill Alarms Investors
Russia Accuses Serbia of Supplying Arms to Ukraine
Gerry Adams Wins Libel Case Against BBC
EU Central Bank Pushes to Replace US Dollar with Euro as World’s Main Currency
U.S. Health Secretary Ends Select COVID-19 Vaccine Recommendations
Trump Warns Putin Is 'Playing with Fire' Amid Escalating Ukraine Conflict
India and Pakistan Engage Trump-Linked Lobbyists to Influence U.S. Policy
U.S. Halts New Student Visa Interviews Amid Enhanced Security Measures
Trump Administration Cancels $100 Million in Federal Contracts with Harvard
SpaceX Starship Test Flight Ends in Failure, Mars Mission Timeline Uncertain
King Charles Affirms Canadian Sovereignty Amid U.S. Statehood Pressure
EU Majority Demands Hungary Reverse Anti-LGBTQ+ Laws
Top Hotel Picks for 2025 Stays in Budapest Revealed
Iron Maiden Unveils 2025 Tour Setlist in Budapest
Chinese Film Week Opens in Budapest to Promote Cultural Exchange
Budapest Airport Launches Direct Flights to Shymkent
Von der Leyen Denies Urging EU Officials to Skip Budapest Pride
Alcaraz and Sinner Advance with Convincing Wins at Roland Garros
EU Ministers Lack Consensus on Sanctioning Hungary Over Rule of Law
EU Nations Urge Action Against Hungary's Pride Parade Ban
Putin's Helicopter Reportedly Targeted by Ukrainian Drones
U.S. Considers Withdrawing Troops from Europe
Russia Deploys Motorbike Squads in Ukraine Conflict
Critics Accuse European Court of Human Rights of Overreach
Spain Proposes 100% Tax on Non-EU Holiday Home Purchases
German Intelligence Labels AfD as Far-Right Extremist
Geert Wilders Threatens Dutch Coalition Over Migration Policy
Hungary Faces Multiple Challenges Amid EU Tensions and Political Shifts
Denmark Increases Retirement Age to 70, Setting a European Precedent
Any trade deal with US must be based on respect not threats', says EU commissioner
UK Leads in Remote Work Adoption, Averaging 1.8 Days a Week
Thirteen Killed in Russian Attacks Across Ukraine
High-Profile Incidents and Political Developments Dominate Global News
Netanyahu Accuses Western Leaders of 'Emboldening Hamas'
Ukraine and Russia Conduct Largest Prisoner Exchange of the War
×