Palawan Island, in the Philippines, where the pearl was discovered. Picture: Alamy

The world’s largest pearl: fantastical tale of an 80-year hoax and the men and women who lost millions to its dubious charms

Supposedly coveted by Ferdinand Marcos and Osama bin Laden, and once valued at US$75 million, a web of fraud, murder and fiction has spread around the ‘Pearl of Lao Tzu’ ever since it was fished from Philippine waters in 1934

Topic |   Scams and swindles

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Palawan Island, in the Philippines, where the pearl was discovered. Picture: Alamy
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