Bahia Emerald
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The Bahia Emerald is one of the largest
History
It originally was mined in 2001, in the beryl mines of north Bahia, Brazil, from which it takes its name.[4] 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
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 augured 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.[7][8]
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.
- ^ a b Allen, Nick (September 24, 2010). "Judge to decide who owns 250 million Bahia emerald.html". The Daily Telegraph, UK. Retrieved December 31, 2010.
- CNN.com. December 27, 2008. Archived from the originalon February 19, 2009. Retrieved December 31, 2010.
- OCLC 936144129.
- ^ a b "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". Retrieved 2023-04-30.
External links
- Borrell, Brendan (March 6, 2015). "The Long, Strange Saga of the 180,000-Carat Emerald - Bloomberg Business". Bloomberg L.P.