U.S. Court Orders Return of $1 Billion Emerald to Brazil

Written by Kathrine Frich

Dec.14 - 2024 10:51 AM CET

World
Photo: Los Angeles County Sheriff's Department / X
Photo: Los Angeles County Sheriff's Department / X
Since its discovery in 2001, it has been at the center of disputes involving smuggling, dubious transactions, and legal battles.

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The Brazilian state of Bahia is famous for its lush landscapes, cultural richness, and treasures buried deep beneath its soil.

Decades ago, emeralds discovered in the region’s Carnaiba mountains turned Bahia into the epicenter of a gemstone rush, according to Digi24.

Stories of miners battling jaguars and enduring extreme conditions added to the allure.

But none of these gems captured global attention like the colossal Bahia Emerald, whose tangled tale of greed, misfortune, and legal drama spans continents and nearly 20 years.

Returned to its Homeland

Weighing 380 kilograms and containing an estimated 180,000 carats, the Bahia Emerald has been called priceless.

Some appraisers value it at as much as $1 billion. Since its discovery in 2001, it has been at the center of disputes involving smuggling, dubious transactions, and legal battles stretching from Brazil to the United States.

Recently, a U.S. federal judge ruled that the gem, which was fraudulently removed from Brazil in 2005, must be returned to its homeland.

The emerald’s journey reads like an adventure novel. Smugglers transported it out of Brazil disguised as natural asphalt, declaring it worth just $100.

In 2005, it survived Hurricane Katrina, narrowly escaping destruction when the storage facility housing it flooded.

Later, it was listed on eBay with bids reaching $19 million, though the seller reportedly hoped for $75 million. By 2008, it had been seized by police in Las Vegas after a tip-off about its whereabouts.

Ownership claims have poured in from multiple parties over the years, but none has stuck. Brazil’s government has consistently argued that the Bahia Emerald belongs to the country as part of its national heritage.

The U.S. court’s decision marks a significant victory for Brazil, which has been working to reclaim stolen cultural and natural artifacts.

For a gemstone cloaked in mystery, the Bahia Emerald’s return to Brazil closes one chapter of its incredible saga.

Whether the "curse" it’s rumored to carry will follow remains to be seen, but for now, the jewel will finally be reunited with the land from which it was unearthed.