News - Local
Battle Over 840 Pound Emerald
Posted: Jul 19, 2010 10:29 AM by Melissa Canone
Updated: Jul 19, 2010 10:56 AM
LOS ANGELES (AP) - A battle over a giant emerald is heading to
court in Los Angeles.
A hearing is scheduled Monday in a Superior Court trial in a
dispute over ownership of an 840-pound gem valued at $400 million.
The so-called Bahia Emerald - one of the largest ever found -
was dug up in Brazil in 2001 and sold by a trader. It later turned
up in a New Orleans warehouse that was flooded during Hurricane
Katrina and apparently also had turned up in Idaho and Las Vegas.
At least three people claim they are the owners. A fourth man
says he's no longer pressing his claim because he's received
threats after reporting the jewel stolen from a warehouse in
suburban Los Angeles.
The gem remains in the custody of the Los Angeles County
Sheriff's Department.
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