From Nicholas II:
There is no greater example of such a large-scale criminal sale in history, than that of the jewels of the Russian Imperial Court – perhaps, the finest collection in the world. The Bolsheviks inherited an impressive legacy, and wasted little time in profiting from the sale of many pieces to eager buyers in the West during the 1920s.
Interesting testimonies have survived to this day about how the jewels were sorted and catalogued, and how the fate of these historically important treasures was determined. They are today preserved in the RGASPI (Russian State Archive of Social and Political History) in Moscow.
The Bolsheviks made their first attempt to sell the Romanov jewels in May 1918. Then, in New York, customs officers detained two visitors with jewels (worth 350 thousand rubles) that belonged to Grand Duchess Olga Alexandrovna (1882-1960), the youngest daughter of Emperor Alexander III.
The following year, the founding congress of the Third Communist International was held in Moscow. From that time, the agents of the Communist International (Comintern) regularly exported gold jewellery and precious stones from Moscow. At first, there was practically no control over the agents, so many items were stolen rather than helping to “finance a world revolution”. (Read more.)


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