Soraya and AnnieS, you both raise great points.
There's one thing I'm certain of in this whole mess; I feel very sorry for Letizia. I don't know who of the SRF was involved in this mess, but I really don't think Leti was.
As for wearing her rings, I think she's darned if she does and darned if she doesn't. And it's too bad if this woman can't wear some bits and baubles to events because of forces and events beyond her control.
As for her other jewelry, this is a woman who gets up every day and works hard for Spain and for that family, holding her head up high despite all of this scandal and all of the fun the press make of her and all of the opinion in Spain that she's not a blue blood. She gave up a career to do all of this, and to think it all hangs precariously now. For all of this, to me she's entitled to wear her tiaras every day, with her jeans if she wants, and wear them proudly.
You go girl, and put your jewels back on. I don't see Cristina keeping hers off.