British Crown Jewels and Their Net Worth in 2022
Sovereign of the United Kingdom and head of over 14 commonwealth countries, Her Majesty The Queen Elizabeth II passed away on 8th September 2022, after 70 long years on the British throne.
Unsurprisingly, at the time of her death, her personal assets (investments, real estate, other financial accords) were valued at a whopping $500 million.
It is important to note that Her Majesty’s personal assets were different from the crown-owned assets. The British monarchy is the owner of these crown jewels and not the monarch in a private capacity.
In this blog we talk about specifically the crown jewels that are owned by the British Monarchy
What are the crown jewels?
The crown jewels are a collection of semi precious stones from around the world that are currently Britain’s most valued pieces of treasury. For the Brits, these gems represent incalculable culture, rich history and grand symbolism.
They are kept well guarded in the Tower Of London and comprise more than 100 objects and 23,000 gemstones, the most notable of which include:
◈ The Black Prince’s Ruby: A large, irregular cabochon red spinel weighing 170 carats, originating in Afghanistan.
◈ The Stuart Sapphire: A blue sapphire that weighs 104 carats, mined in Kashmir.
◈ The Cullinan II diamond: The largest gem-quality rough diamond ever found, weighing 3,106.75 carats and mined in South Africa.
However, of all the diamonds in the Royal Collection, there is only one that holds the title of being the most valued – The Koh-i-Noor Diamond
On this note, let’s dive deeper into…
The story of the Famed Koh-i-Noor Diamond
Translating into ‘The Mountain of Light’ in Hindi, The Koh-i-Noor diamond has had a long and bloody history of colonial conquest.
Acquired from the Kollur Mines during the Kakatiya Dynasty, this exquisite diamond has its origin embedded deep in the heart of Southern India. The earliest records describe its inclusion in the Mughal Peacock Throne, under the rule of Delhi Sultan Allaudin Khalji during the 12th Century.
From here, it witnessed quite a few exchanges of ownership ranging from South to West Asia, before 11 year old emperor Maharaja Duleep Singh conceded it to Queen Victoria in 1947 as part of the Last Treaty of Lahore. It got re-cut in 1852 as a D color, Oval Brilliant diamond under the British Monarchy.
Due to its war-torn history, many believe that the famed diamond is actually cursed and brings ill fate to its owners.
The governments of India, Pakistan and Afghanistan have claimed ownership of the stone ever since India gained independence from the United Kingdom in 1947, but to no avail. This does not come as a surprise as the 105 carat diamond is considered to be the most desired stone in the world.
With such an exorbitant valuation of all these famed diamonds, one might wonder…
What are the Crown Jewels worth?
Between $4-6 billion!
Although it is impossible to place an exact value on these famed jewels due to their historical and cultural significance, experts say that the late Queen has left behind an impressive collection of diamonds, gemstones and pearls that all round up to be worth the figure you see above.
When such a high valuation is placed on these jewels, the matter of their security is a question to ponder on…
Whose responsibility is it to protect the crown jewels?
The Crown Jewels are kept under armed guard in the Jewel House at the Tower of London.
The priceless diamonds get over 30 million visitors annually and the responsibility to look after and protect them from any adversarial threats falls upon the institution itself.
Following Her Majesty’s passing, it is natural to wonder…
Who will inherit the Queen’s jewels?
Most of her personal jewelry collection will be passed down to the Windsor family members depending on her will.
The crown jewels, however, are considered to be a part of the Crown’s Heirloom which will now be owned by King Charles III and he can loan them to different members of the royal family depending on the titles held by them.
Having learnt the value of the Crown Jewels, you now understand the allure of natural diamonds and the value they hold as artifacts that symbolize purity, culture and beauty.
Having said that, beauty is in the eye of the beholder and if you dream of owning a beautiful diamond, then…
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