KEY WEST -- Treasure divers searching for a 17th-century sunken Spanish galleon off the Florida Keys have found an antique ring worth an estimated $500,000.
The gold ring has a rectangular cut emerald 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 were seeking the sterncastle of the Atocha when they found the ring Thursday 35 miles from Key West.
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.