Luxury Items: Oligarchs' Jewelry on Auction

The company managing returned assets has put jewelry and luxury items on the state property auction website, Orda reports. 

They are worth hundreds of millions of tenge and were seized from oligarchs and corrupt officials.

Several items are available for viewing, including a Louis Vuitton Paris women's bag worth 230 thousand tenge.

The website has a Ulysse Nardin Classic 789–80 wristwatch for a mind-boggling 214 million tenge. 

New ones cost 620 thousand euros.

There is also a women's Breguet 3099 BE wristwatch decorated with diamonds. Price tag – 15 million tenge.

The Frank Muller Geneve watch on display is made of 18-karat pink gold with sapphire glass.

The dial is inlaid with rubies, sapphires, and tsavorites, and the hands are ruby. Despite the scratches, the watch is valued at 29.2 million tenge.

Collectible National Bank coins are also on display. There are 15 pieces from nine different series, all of which are worth a couple of million tenge.

Jewelry, real estate, and other assets have been mentioned several times in relation to Kairat Satybaldyuly. It is not specified whether these luxury items belong to him.

In September 2024, Kuanyshbek Mukash, the head of the management of the returned assets company, spoke about the jewelry confiscated from the oligarchs. 

He announced that the authorities returned 196 pieces of jewelry of illegal origin. But, as the company explained, information about who owned these or those returned assets is confidential.

The auction starts on November 22.

Original Author: Ilya Astakhov