Appreciation of Najib’s Most Coveted – Just the Tip of the Iceberg
More than 12,000 pieces of jewellery were unearthed, comprising of 2,200 rings, 1,400 necklaces, 2,100 bracelets, 2,800 pairs of earrings, 1,600 brooches and 14 tiaras were seized, totalling up to an estimated market value of RM880 million.
With cash and luxurious items amounting up to RM1.1 billion (S$372.37 million) raided from Datuk Seri Najib Tun’s six residences, the hidden stash of treasures seem to be almost endless. The hard cash found is not just limited to ringgit, but also found in pounds sterling and Sri Lankan rupees, giving us a glimpse of what might have been favourite travel spots of the Najibs.
More than 12,000 pieces of jewellery were unearthed, comprising of 2,200 rings, 1,400 necklaces, 2,100 bracelets, 2,800 pairs of earrings, 1,600 brooches and 14 tiaras were seized, totalling up to an estimated market value of RM880 million. This stash was along with hundreds of watches and handbags, valued worth RM78 million and RM51.3 million respectively. The immensity of this incredible seizure in fact, took the police a good one month, from May 21 to June 25 to ascertain the value of the items.
The 423 watches span across a great diversity of 100 brands, with familiar names such as Chopard and Richard Mille.
The crown of Najib’s timepiece collection will a prized Paul Newman Rolex Daytona, valued at a hefty RM3.5 million.
Other notable ones found in the bedroom of one of Najib’s children boasts an impressive list of Rolex, including a silver Rolex Cosmograph Daytona and leather Rolex Oyster Perpetual Superlative Chronometer Officially Certified Cosmograph, as well as a brown Patek Philippe Geneve and black Richard Mille.
Topping the list is a yellow gold necklace laced with diamonds. The stunning piece is valued at RM6.4 million, excluding workmanship.
The 567 luxury handbags from 37 names include some of the most coveted luxury houses such as Hermes, Prada, Chandel and Judith Lieber. Unexpectedly, the Hermes bags value up to RM51.3 million, but the true crown jewel is a custom-made Bijan handbag, worth RM1.6 million alone.
The raids are linked to the 1Malaysia Development Berhad (1MDB) probe and everything was seized under anti money-laundering laws. Currently, these items are put for safekeeping at Bank Negara.