Tag: Jewellery

The Exiled Duke Who Turned Desert to Paradise

Grand Duke Nicholas Konstantinovich of Russia (1850 – 1918) was the first-born son of Grand Duke Konstantin Nikolayevich who was the younger brother of the Russian emperor Alexander II, and Grand Duchess Alexandra Iosifovna of Russia. He was also the grandson of Tsar Nicholas I and cousin of Tsar Alexander III.

The Tsar’s Gold

One of the 20th Century’s great mysteries is what happened to Imperial Russia’s gold reserves following the Wall Street-financed coup in 1917 that overthrew the Tsarist government. This coup is known wrongly as the Russian Revolution. At the outbreak of World War One the gold reserves of Imperial Russia were by far the largest in the world. Leaving aside Russia’s priceless arts likewise looted and sent abroad the gold in Russia’s vaults weighed 1,311 tonnes. At today’s value the stolen bullion’s value is $60 billion. Gold reserves that fell into the hands of the Bolsheviks totalled considerably more at 1.101 million rubles. After signing the Treaty of Brest-Litovsk, German bankers asked Lenin to hand over part of Russian gold. Such is the sensitivity surrounding the Russian gold reserve’s eventual destination that there is virtually no mention of its fate in the English language.