Editor’s Note
**Editor’s Note:** This article examines the historic and monetary value of the crown jewels set to feature in King Charles III’s coronation, offering readers a closer look at the symbols of monarchical power.
UNITED KINGDOM
World
On May 6, when Charles III is crowned, the St. Edward’s Crown and other symbolic objects of monarchical power will be present at the ceremony, reminding us of the wealth and history surrounding the British monarchy.
Credits: Getty Images and La Silla Rota
By DAVID JARDÓN
Written in WORLD on 4/5/2023 · 18:52 hs
Last updated: 4/5/2023 · 18:53 hs
On May 6, 2023, the United Kingdom will experience a historic change with the arrival of Charles III to the throne, after 70 years of reign of the late Queen Elizabeth II, who died on September 8, 2022. The heir to the throne will receive the honors due to him, and this event leads us to wonder about the value of the British crown and all the jewels that accompany the ceremony.
The specialized valuation portal, SavingSpot, has conducted a detailed analysis of the St. Edward’s Crown, the centerpiece of the coronation ceremony. The cheapest part of the crown is the velvet cap, with an estimated value of $3, followed by the ermine, which reaches $34. On the other hand, the seven sapphires are the most valuable elements, appraised at $2.42 million.
To determine the valuation of the crown, SavingSpot used the International Gem Society’s gem size guide and photographs to estimate the number of carats and their approximate weight. Then, the total weight of the crown was subtracted to calculate the amount of gold that composes it. The catalog of the queen’s official fabric supplier was also consulted to obtain a value for the velvet and to research the average price of ermine.
Based on its analysis, SavingSpot estimated that the total value of the St. Edward’s Crown, which belonged to Queen Elizabeth II, would be $4,519,709 (approximately 80.5 million Mexican pesos at the current exchange rate) if put up for sale.
On the other hand, the Scepter with the Cross is another iconic piece of royal power. This object was created in 1661 for the coronation of Charles II and is 362 years old. Throughout history, the scepter has witnessed key moments in the British monarchy, such as the funeral of Elizabeth II.
On May 6, when Charles III is crowned, the St. Edward’s Crown and other symbolic objects of monarchical power will be present at the ceremony, reminding us of the wealth and history surrounding the British monarchy.
DJC
Themes: Coronation Charles III, Charles III