I was just wondering, does Sophie own her wedding tiara? Or is it just borrowed? If she owns it does it mean Louise will receive it? I am a bit jealous of Louise as she'll likely inherit Sophie's engagement ring which is to die for.
As to whether or not Sophie owns her wedding tiara, I don't think we can do more than speculate, based on what we do know already. As a general principle, the recent trend seems to be that any jewels from the Queen's personal [private] collection seem to be 'loaned out' to the female royal concerned. There seem to be two forms of loan - First, the 'temporary' loan: the most recent example was the Canadian Maple Leaf diamond brooch that Catherine wore in Canada on the recent royal tour. Everything I read in the quality papers stated that the brooch was loaned and not given. Even Diana, with a huge collection of her own, sometimes borrowed pieces temporarily from the Queen. Other loans seem to be much more long-term; again, using Princess Diana as an example, some of the pieces she was given were gifts from the Queen, but the unwritten subtext was that they were life-time loans. This would have prevented Diana selling them at any time of her life [pre-divorce or not]. I expect the reason for this was two fold: to prevent the disposition of pieces which the Queen herself regards not so much as her own personal property but which she herself 'holds in unwritten trust' for her family and also to avoid any liability for taxation ever arising. Whilst the Sovereign is exempt from all forms of taxation [at least thoretically, because the Queen's current decision to pay income tax is a voluntary one, not a legal one] her family are not, and if the Queen gives
[outright] a gift of jewellery to anyone, the recipient would have to pay tax on the gift on receipt and the gift would then form part of the royal's estate on death, and therefore liable to inheritance tax. By never parting with so-called 'beneficial ownership' of pieces, the Queen in effect operates as a 'tax shelter'.
One has to say as well that with the recent divorce history of the BRF, if a piece is never 'gifted outright' to the particular royal, there is never any question of it being 'lost' to the BRF on any divorce of the recipient.
Incidentally, the recent gifts to Sophie that have just hit the papers this weekend will more properly be regarded as 'permanently loaned gifts to Sophie' with the understanding that they will revert to the Sovereign in due course in order to avoid tax liabilities. I am able to state this because a few years ago, Camilla was seen wearing a magnificent necklace which was a gift from one of Emirates and BP eventually clarified that it was in the nature of a permanant loan' rather than a [tax attracting] personal gift to the Duchess of Cornwall.
Finally to Sophie: her wedding tiara was, if I understand it, 'composed of other pieces' rather than being an existing complete tiara. We don't of course know whether it was gifted outright. Because of its [relative] umimportance from a royal perspective, it might have been an outright gift - after all, Sarah when she married Andrew received the outright gift of a tiara from the Queen. It was not of course a 'complete' piece with a royal provenance, but all the same, since I regard the Queen as always striving to be fair, it is possible that she might have thought that Sophie deserved outright ownership of the tiara - unless of course the Queen regards it as still having royal provenance despite its 'created nature'.
I am sorry this is so long, but hope that it helps,
Alex