Overview

• The court determined that the crown jewels, valued at approximately €300 million, are 'gioie di dotazione della Corona,' meaning they belong to the State as institutional assets, not personal property of the Savoia family.
• The jewels have been held in the Banca d’Italia vaults since June 5, 1946, three days after Italy's referendum abolishing the monarchy.
• The Savoia heirs argued for ownership using the principle of usucapione and cited diary entries by former Bank of Italy governor Luigi Einaudi, but the court found these claims insufficient.
• Italian constitutional provisions explicitly state that assets of the former royal family within the national territory are transferred to the State.
• The heirs, represented by lawyer Sergio Orlando, plan to appeal the decision to the European Court of Human Rights, seeking restitution of the jewels and other former royal properties.