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I need your help in a theory (perhaps already discussed).

We now know Queen Fabiola did not leave the Spanish Tiara to the current King and Queen. The speculation is that she gave each of her nieces or nephews in Spain a leaf from the tiara with an aquamarine.

Most likely at some point, it was discovered that the "ruby" and "emerald" settings were fake stones. I don't think she ever wore the Coronet version or those stone version of the tiara again.

If she gave aways the leaves, where is the coronet base? It is pretty substantial on it's own and wouldn't be "needed" by anyone except and active member of royalty or nobility.