The Bahia Emerald is one of the largest emeralds in the world. The stone was originally unearthed in South America and weighs in at 850 lbs. The stone is estimated at $370 million in value. The emerald was stolen in September 2008, and recovered by authorities in December 2008.MSNBC: 850-pound emerald ... (December 28, 2008) As of March 2009, five people have claimed ownership of the stone. A civil court in Los Angeles, California is set to review the claims and the evidence to make a determination on the ownership of the stone.FOX News: http://www.foxnews.com/story/0,2933,503808,00.html Five People Claim Ownership...] (March 2, 2009)
Controversy
At one time the Bahia Emerald was for sale on eBay. Another company that was reportedly hired to sell the stone allegedly accepted a $19 million offer. Authorities suspect someone falsified papers to remove the stone from storage in Los Angeles. Now, a judge has ordered the stone to be held by police until he can sort out who the rightful owner is once and for all.CNN: 850-pound emerald at center of dispute (December 27, 2008)
