I'm also concerned about the royal family's jewels. Hopefully they are protected. I was wondering who is covering Queen Sophia's expenses, I suppose the government?
If you take the tiaras as a reference (never mind the various earrings, brooches, necklaces and other smaller pieces), the big Fleur de Lys, the Cartier Pearl and Diamond, and the Cartier Loop tiaras were all assumed to be privately owned by King Juan Carlos prior to the abdication; the Floral, the Mellerio Shell, the Prussian , and the Ruby necklace tiaras are supposed to be owned by Queen Sofia. The only tiara that was probably owned directly by Felipe and/or Letizia was the Ansorena Asturias tiara, which Letizia wore only once at Queen Margrethe II's 75th birthday gala dinner and was apparently a wedding gift. There are rumors that Letizia also owns a second, unseen wedding gift tiara, but that has never been confirmed.
Since Letizia has worn the Fleur de Lys, the Cartier Pearl and Diamond, the Cartier Loop, and the Floral tiaras since she became Queen, it is possible that ownership of the latter has been already transferred to Felipe, but we cannot say that for sure.
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