The Civil Court of Rome has rejected the claim of the heirs of the House of Savoy, who claimed ownership of the jewels kept since 1946 at the Bank of Italy, arguing that they were personal property of King Umberto II. According to the ruling, they are instead “endowment jewels of the Crown”, belonging to the State already at the time of the Albertine Statute and remaining so with the birth of the Republic. The treasure - consisting of more than 6,700 diamonds and 2,000 pearls set in necklaces, tiaras and brooches, with an estimated value of about 300 million euros - was delivered to the Bank of Italy on June 5, 1946, three days after the institutional referendum, by the Minister of the Royal Household, Falcone Lucifero. The heirs - Victor Emmanuel, Maria Beatrice, Maria Pia and Maria Gabriella - are now announcing an appeal to the European Court of Human Rights. Their lawyer, Sergio Orlandi, cites the diaries of Luigi Einaudi, then Governor of the Bank of Italy, according to which the jewels could be considered “family property”. But for the Italian judge, the former royals cannot claim any title to the property. The legal battle had begun in 2021, after the State refused to return the valuables.
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