Pearl Two--The question is: which is the real La Peregrina, the huge pear-shaped pearl discovered in the 16th century and supposedly first owned by Philip II of Spain. New York’s Parke-Bernet Galleries have a pearl,left,which they say is the authentic one and which goes on the auction block today. However,in Switzerland the Duke of Alba,chamberlain to Victoria-Eugenia,former queen of Spain,says the former monarch has a pearl,right,locked in a safe-deposit box which is the real gem.

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