 | This article has multiple issues. Please help improve it or discuss these issues on the talk page. (Learn how and when to remove these messages)
|
The Bahia Emerald is one of the largest emeralds and contains the largest single crystal ever found. The stone, weighing approximately 379 kg (836 lbs) (approximately 189,600 carats) originated from Bahia, Brazil; its emerald crystals embedded in black schist. It narrowly escaped flooding during Hurricane Katrina in 2005 during a period of storage in a warehouse in New Orleans. There was an ownership dispute after it was reported stolen in September 2008 from a secured vault in South El Monte in Los Angeles County, California. The emerald was located and the case and ownership have been settled. The stone has been valued at some $400 million, but the true value is unclear.
History
It originally was mined in 2001, in the beryl mines of north Bahia, Brazil, from which it takes its name. Bahia is an archaic form of Portuguese baía, meaning 'bay' after the bay first seen by European explorers in the 16th century.
After being moved from Brazil to the United States, various attempts were made to sell it without success. There were conflicting claims of ownership. Eventually, the emerald was seized from a gem dealer in Las Vegas and taken into the custody of the Los Angeles Sheriff's Department. After a series of legal actions, Judge John A. Kronstadt of the Los Angeles County Superior Court announced in September 2010 that he would hear the case. Anthony Thomas, among the claimants, claimed to have original ownership of the gem including claimants who have paid more than $1.3 million for the emerald. A trial date was set for January 21, 2013, in the Los Angeles County Court. On January 29, 2014, Judge Kronstadt issued a ruling rejecting the claims of Anthony Thomas, leaving the determination of the remaining claimants for a future trial.
After a trial on March 30, 2015, in the Los Angeles Superior Court, the Honorable Michael Johnson, the judge who succeeded Judge Kronstadt in the civil case, entered a final order on June 23, 2015 determining and ruling that FM Holdings, LLC was the bona fide purchaser of the Bahia Emerald and that title to the Bahia Emerald is now held solely and exclusively by FM Holdings, LLC by a series of agency relationships and lawful transactions. All other claimants to the Bahia Emerald have either been previously dismissed, e.g., Tony Thomas, or settled their claims leaving FM Holdings, LLC, as the sole and exclusive owner of the Bahia Emerald by Judge Johnson's June 23, 2015, ruling.
Despite the case being settled, on June 25, 2015, U.S. District Court Judge Colleen Kollar-Kotelly, on a request by the Department of Justice, issued a restraining order protecting the stone, in which not even the owners of the stone could see, move, or sell it. Judge Kollar-Kotelly argued that the emerald was subject to forfeiture in Brazil, where prosecutors in an upcoming criminal trial alleged that two men knowingly received the stolen emerald and illegally smuggled it out of the country.
Return to Brazil
After years of legal disputes in U.S. courts, on 21 November 2024, U.S. federal Judge Reggie Walton of the District Court for the District of Columbia ruled that the Bahia Emerald should be returned to Brazil. Despite efforts by American gem dealers to delay the decision, arguing they needed more time to negotiate a settlement with the Brazilian government, Judge Walton determined that Brazil’s rightful ownership of the smuggled gemstone outweighed any claims of American ownership. In his ruling, he stated, “The Court has concluded that the Intervenors’ positions are insufficient to prohibit the return of the Emerald to Brazil The Court must therefore enforce the Brazilian Forfeiture Judgment of the Bahia Emerald.”
See also
References
- Weil, Elizabeth. "The Curse of the Bahia Emerald, a Giant Green Rock That Wreaks Havoc and Ruins Lives". WIRED. Retrieved 2017-03-03.
- ^ Allen, Nick (September 24, 2010). "Judge to decide who owns 250 million Bahia emerald.html". The Daily Telegraph, UK. Retrieved December 31, 2010.
- "850-pound emerald at center of dispute". CNN.com. December 27, 2008. Archived from the original on February 19, 2009. Retrieved December 31, 2010.
- St. Clair, Kassia (2016). The Secret Lives of Colour. London: John Murray. pp. 220–221. ISBN 9781473630819. OCLC 936144129.
- ^ "Custody battle for giant emerald". MSN. September 24, 2010. Archived from the original on September 28, 2010. Retrieved December 31, 2010.
- "Judge rejects businessman's claim to $372M emerald". MSN News. January 30, 2014. Archived from the original on February 1, 2014. Retrieved January 30, 2014.
- Ceasar, Stephen (June 25, 2015). "Federal judge halts release of massive Brazilian emerald". Los Angeles Times. Retrieved October 16, 2015.
On Thursday, a federal judge ordered that the stone remain under lock and key, barring anyone, including those who won their claim to the stone, from moving or even seeing it.
- Porter, Greg (2020-01-26). "World's Largest Bahia Emerald is in Legal Battle for Over 10 Years". thesized.com. Archived from the original on 2020-10-01. Retrieved 2023-04-30.
- ^ McCoy, Terrance (November 22, 2024). "U.S. judge clears way for 'cursed' giant emerald to return to Brazil". The Washington Post.
- "836-pound 'cursed' emerald worth $1bn must return to Brazil, U.S. judge rules". The Independent. November 23, 2024. Retrieved 2024-11-23.
- Harter, Clara (November 23, 2024). "After years of limbo in L.A., 836-pound Bahia Emerald may return to Brazil". Los Angeles Times. Retrieved 2024-11-23.
External links
- Borrell, Brendan (March 6, 2015). "The Long, Strange Saga of the 180,000-Carat Emerald - Bloomberg Business". Bloomberg L.P.