An ancient gold ring, believed to be from the Spanish galleon Nuestra Senora de Atocha that sank off the Florida Keys during a 1622 hurricane, is displayed July 23, 2011. (AP Photo/Florida Keys News Bureau, Sharon Wiley)
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Updated: Friday, 24 Jun 2011, 6:56 AM CDT
Published : Friday, 24 Jun 2011, 6:56 AM CDT
KEY WEST, Fla. (AP) — 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 from Atocha.
Also found were two silver spoons and other artifacts. A 40-inch gold rosary was found in March and a gold bar in April.
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Online:
Mel Fisher Treasures: http://www.melfisher.com
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