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What is left to day from the Heirloom of Princess Helene Vladimorinovna
Posted by Maria Olivia on February 6, 2021, 11:34 pm
The Grand Duchess married Prince Nicholas of Greece. They had 3 daughters.
Whiwh jewels are left nowadays?.
Princess Olga married Prince Paul of Y. She wore the ruby parure for the Wedding of her Son Alexander with Princess Maria Pia of Savoie. This parure was sold later to King Paul of Greece for Queen Frederika who gave it to Queen Anne Marie.
Princess Elisabeth who married Prince Ch. T de Toerring-Jettenbach. She received the Frige tiara which was loan to Princess Marina on her Wedding day. Their Daughter Princess Helene wore it for her Wedding with Prince Ferdinand of Habsbourg. Their daughter Princesss Sophie wore it on her Wedding day also. This tiara s still in the family .
Princess Marine , Duchess of Kent , I am not sure , a bow brooch and??? Thanks for help MO
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Re: Whar is left to day from the Heirloom of Princess Helene Vladimorinovna
Recap Priincess Marine received , Chandelier earrings, snake earrings , now sold. Why did she not receive a tiara as her Sisters perhaps because she would receive one from from King George V and Queen Mary ? What is left actually ??? Where is the bow Brooch?
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The so called snake tiara and earrings were sold after the death of Princess Marina.
Re: Whar is left to day from the Heirloom of Princess Helene Vladimorinovna
The Bow Brooch was sold to Mrs Charles Wrightsman, famous American Socialite and Art collector. Where it is now is unknown:
The fate of Princess Marina's Jewellery is one of the reasons I think the British Royal family should have a Jewel Foundation like the Dutch and the Swedish.
Not only did she have her own Romanov pieces, she had the Cambridge Sapphires, an important piece of craftsmanship that predated Queen Victoria. And I still can't believe the Connaughts were allowed to sell Queen Victoria's Turkish Diamond Necklace.
I suppose we should be grateful that Prince Michael has set up a Trust for the pieces he inherited but when you think about what has been lost over the years it really is a crime.
Re: Whar is left to day from the Heirloom of Princess Helene Vladimorinovna
Good to know that Prince Michael has put his Jewels in Trust found. had not known that. I actually why not more of the british boble Families do that to prevent inheritance Taxes. Or to leave the Family property not to the oldest son but to his oldest son. . This is was someof the german noble Familie do. so one time less to pay inheritance taxes. But then i do not know if this would be possible in the UK.
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The Bow Brooch was sold to Mrs Charles Wrightsman, famous American Socialite and Art collector. Where it is now is unknown:
The fate of Princess Marina's Jewellery is one of the reasons I think the British Royal family should have a Jewel Foundation like the Dutch and the Swedish.
Not only did she have her own Romanov pieces, she had the Cambridge Sapphires, an important piece of craftsmanship that predated Queen Victoria. And I still can't believe the Connaughts were allowed to sell Queen Victoria's Turkish Diamond Necklace.
I suppose we should be grateful that Prince Michael has set up a Trust for the pieces he inherited but when you think about what has been lost over the years it really is a crime.
I was not aware that Prince Michael has placed his jewels in a Trust but it is certainly interesting but you should not assume they cannot be sold. The jewels are now the property of a trust, a legal entity managed by trustees. They no longer belong to Prince Michael and will not form part of his estate and or be liable for the tax on his estate.
My guess is that he has probably taken this action to avoid inheritance tax. I suspect the jewels will still be sold by his trustees after Prince Michael and Princess Michael’s death, the proceeds paid out to the beneficiaries of the trust and the trust wound up. His heirs have no use of a jewellery collection that is probably worth a couple of million pounds and I don’t this branch of the Royal Family have so much money that they can sit on a jewellery collection that is left in a vault indefinitely.
I think the reason why so many noble houses have failed to put their jewels in Trusts are because jewels have historically been the first thing sold when financial trouble hits. Giving away your assets to a trust is just giving up your resources. If you have limitless resources it may be something to consider but even the likes of the super-rich Duke of Westminster have sold parts of their jewellery collection in the past decade. Same as the Duchess of Alba in Spain. With the massive increase in value in vintage jewellery, having a couple of strings of pearls or a tiara worn once every 2 decades is less appealing that a cheque for £500,000.
But if putting up a Trust one could still make sure that the Manager of the Trust is always the head of the Family also the next Duke, Earl or so. So the Fanily would still have Control over the Trust.
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I was not aware that Prince Michael has placed his jewels in a Trust but it is certainly interesting but you should not assume they cannot be sold. The jewels are now the property of a trust, a legal entity managed by trustees. They no longer belong to Prince Michael and will not form part of his estate and or be liable for the tax on his estate.
My guess is that he has probably taken this action to avoid inheritance tax. I suspect the jewels will still be sold by his trustees after Prince Michael and Princess Michael’s death, the proceeds paid out to the beneficiaries of the trust and the trust wound up. His heirs have no use of a jewellery collection that is probably worth a couple of million pounds and I don’t this branch of the Royal Family have so much money that they can sit on a jewellery collection that is left in a vault indefinitely.
I think the reason why so many noble houses have failed to put their jewels in Trusts are because jewels have historically been the first thing sold when financial trouble hits. Giving away your assets to a trust is just giving up your resources. If you have limitless resources it may be something to consider but even the likes of the super-rich Duke of Westminster have sold parts of their jewellery collection in the past decade. Same as the Duchess of Alba in Spain. With the massive increase in value in vintage jewellery, having a couple of strings of pearls or a tiara worn once every 2 decades is less appealing that a cheque for £500,000.
The two benefits of a trust are tax avoidance and ensuring the passing of assets onto future generations by passing control to a neutral third party.
If the head of the family has access/control of the trust, then if they are irresponsible or just financially struggling they could treat it as just another available resource and they will likely raid it when money gets tight, just as they would if the money was sitting in their own bank account.
Most of the London landed families, the Cadogans, Westminsters actually have professional trustees to ensure their trusts are managed at arms length.
As I say the jewels are always the first to go when the apron strings get tight.
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But if putting up a Trust one could still make sure that the Manager of the Trust is always the head of the Family also the next Duke, Earl or so. So the Fanily would still have Control over the Trust.
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I was not aware that Prince Michael has placed his jewels in a Trust but it is certainly interesting but you should not assume they cannot be sold. The jewels are now the property of a trust, a legal entity managed by trustees. They no longer belong to Prince Michael and will not form part of his estate and or be liable for the tax on his estate.
My guess is that he has probably taken this action to avoid inheritance tax. I suspect the jewels will still be sold by his trustees after Prince Michael and Princess Michael’s death, the proceeds paid out to the beneficiaries of the trust and the trust wound up. His heirs have no use of a jewellery collection that is probably worth a couple of million pounds and I don’t this branch of the Royal Family have so much money that they can sit on a jewellery collection that is left in a vault indefinitely.
I think the reason why so many noble houses have failed to put their jewels in Trusts are because jewels have historically been the first thing sold when financial trouble hits. Giving away your assets to a trust is just giving up your resources. If you have limitless resources it may be something to consider but even the likes of the super-rich Duke of Westminster have sold parts of their jewellery collection in the past decade. Same as the Duchess of Alba in Spain. With the massive increase in value in vintage jewellery, having a couple of strings of pearls or a tiara worn once every 2 decades is less appealing that a cheque for £500,000.
The Queen would be very badly advised if she created a Jewel Foundation…
She already has the best option available to her, maintaining ownership of her personal jewellery collection and allowing family members to borrow items.
In the 1990s when negotiations were ongoing for the Queen to pay income tax, her advisors negotiated a very important clause, exemption of inheritance tax on inheritances she receives and what she passes onto the next monarch. That is why the Queen Mother left all her assets (including jewels and why we always read the Duchess of Cornwall borrows the Queen Mother’s jewels) to the Queen and it is why the Queen will leave all her assets to the Prince of Wales. It was provision very strongly fought for, against considerable criticism from then Opposition and the Queen will take full advantage of it, as will her successors. The monarch can preserve their personal inheritance and pass it onto the next monarch free of tax including their personal jewels. The Queen also has the option of designating items as Crown items as Queen Victoria did but you have to remember that by taking such action she would be are giving away control and ownership of her personal assets. There is no advantage to her or her descendants in doing this.
Creating a jewel foundation means GIVING away those assets to a trust/foundation, a legal entity. That is far from ideal.
A trust/foundation costs money to maintain and you lose control of the assets you once held.
It may be logical to evade tax but the Queen already has the perfect solution to this.
The loss of historic items grates but it is clear that those days are now gone from the UK perspective. The Queen has given hardly any historically important jewels away.
The Princess Royal has received hardly anything of true historical importance compared to that of Mary, Princess Royal – her most important tiara seems to have been a tiara belonging to her paternal grandmother that the Queen never wore.
Diana, Princess of Wales received a tiara that was made for Queen Mary less than 70 years previously (and she was always going to be treated in a different category marrying the heir to the throne and even that was returned following her divorce). Sarah Ferguson received nothing of historical importance. The Countess of Wessex received elements of a tiara of Queen Victoria’s but we do not know the terms with which it was given (outright gift? Lifetime loan?) Either way it is difficult to characterise something as being historically important when it appears it hasn’t been worn since Queen Victoria’s time and certainly few would argue it is important from an artistic perspective.
The next generation appear to have received nothing but we have seen the Duchess of Cornwall and Cambridge and Countess of Wessex have all borrowed items of jewellery from the Queen. That is the most sensible way to continue to proceed going forward.
on February 6, 2021, 11:34 pm
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