Ring With Emerald Recovered From 400-Year-Old Shipwreck Raises $1.2 Million For Ukraine At Auction

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Ring With Emerald Recovered From 400-Year-Old Shipwreck Raises $1.2 Million For Ukraine At Auction
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The emerald was onboard a famous Spanish galleon when it sank in 1622, and was later cut into an engagement ring for a member of one of America’s wealthiest families.

The 6.25 carat emerald set in the ring was found aboard the famous Spanish galleon Nuestra Señora de Atocha when it sank in 1622 off the coast of present-day Florida amid a hurricane, killing almost everyone on board.

Diver and treasure hunter Mel Fisher announced in 1985 that his team had uncovered the main hull of the Atocha and recovered 180,000 coins, 24 tons of Bolivian silver, 125 bars of Caribbean gold bullion and rough-cut Colombian emeralds from the shipwreck., who helped fund the expedition, and who later had one of the emeralds found on board cut for the engagement ring he used to propose to his wife Mitzi in 1988.

Frank Perdue died in 2005, and this year Mitzi Perdue decided to sell the ring in order to raise money for humanitarian groups offering aid in Ukraine, saying in a statement her husband would “share my desire to help those in dire need.”

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