KEY WEST, Florida - Treasure divers searching for a
17th-century sunken Spanish galleon off the Florida Keys say they
have found an antique emerald ring worth an estimated $500,000.
The gold ring has a rectangular cut estimated at 10 karats. It's
believed to be from the Nuestra Senora de Atocha that sank off the
Florida Keys during a 1622 hurricane.
Divers from Mel Fisher's Treasures found the ring Thursday about
35 miles from Key West.
A spokesperson said the ring's estimated value is based on the
stone's 2.7- by 2.5-centimeter size and the value of other emeralds
Also found were two silver spoons and other artifacts. A 40-inch
gold rosary was found in March and a gold bar in April.