The bar on the sale of the jewels outside of the UK is a temporary one which is said to be in place due to the historical significance of the jewels. The suite of jewels comprises a necklace with pendant cross, a pair of bracelets and a brooch all of which have open-backed settings. They were commissioned by the Prince from the pre-eminent jeweller of the age.
In 1816 the jewels were given by the then Prince Regent, George IV, to one of the Cotes sisters – ladies-in-waiting – to wear to the wedding of his daughter, Princess Charlotte.
A handwritten letter from Princess Elizabeth, sister of the Prince Regent, said:
My dear Miss Coats,
I write in great hast by command of the Prince Regent to beg you to accept the set of Chrysolites which I send with this Note.
He hopes you will wear it at the Wedding [2 May, 1816] as a proof of his regard. I fear I have not said half enough to Your Sister but they are all talking to loudly I scarcely know what I am saying.
April 30th, 1816
The legal bar on the external sale was implemented by Culture Minister Ed Vaizey. The bar will be in place until 1st July, though can be extended to 1st October if a buyer is raising funds. A spokesman said that offers lower than the ‘marked price’ of £150,000 ($232,770) may be considered.