Don't know if any of you are aware of the large emerald found in Brazil somewhat recently.
Judge Appoints Temporary Receiver for $400,000,000 Emerald - One of the Worlds Largest
September 26, 2007
PRESS RELEASE LINK
September 25, 2007 At 3:00 PM Judge Paul A.Crotty signed an Order today appointing a temporary receiver to oversee the sale of the BAHIA EMERALD, one of the World?s largest emeralds weighing 840 pounds, and recently appraised at $400,000,000.00 (four hundred million dollars)(1) Despite the existence of a written agreement, the emerald?s owner Larry Biegler is attempting to deny a local jeweler Gary Weiss the right to sell the 180,000 carat emerald.
Burt Pugach, subject of the recent film ?Crazy Love?(2), was spotted filing the motion at Federal Court in lower Manhattan today (photo enclosed). Mr. Pugach who recently blew the whistle on M & T Bank(3).in a $250,000,000 mortgage fraud case, is still active at 80 years old and can often be found at the courthouse.
A hearing is scheduled for October 2, 2007. Jewelry 47 vs. Biegler et al. Southern District of New York 2007 CIV 8272. .For further questions regarding this story contact the Law Firm of Gordon & Gordon, P.C. (718) 544-7070.
And this too...
The Bahia Emerald link
The Brazilian State of Bahia is known for many things, including sandy beaches, sea cliffs, mangrove swamps, and tropical islands. Bahia's coast is recognized worldwide as an area rich in culture and striking natural beauty, but travel westward into the state's interior region and you will find yourself surrounded by dense and rugged jungle. It is here, in the midst of unforgiving rainforest and wild beasts that the story of the Bahia Emerald begins.
On July 9, 2001, a miner in the Carnaiba Emerald mine came upon the head of an unusually large crystal protruding from black rock. Within minutes, everyone gathered around to watch one of the veteran miners excavate the rock around the crystal using a small pick and hammer. Several hours later, they all stood around the most awesome concentration of Emerald crystals that anyone had ever seen.
Knowing that word of such a treasure could cause unwanted attention, the mine supervisor quickly assembled a team of his most trusted miners with the purpose of moving the rock containing the crystals to a safe place. It took 8 men over 5 hours to move the 840 lb. rock to the nearest clear trail. There they assembled a team of mules for a journey that would take them over 700 miles through unforgiving jungle and last almost 11 months.
5 months into their journey, their mules were attacked by a pair of black panthers. Having no other choice, the 8 men built a stretcher from wood and vines and carried the rock by hand the rest of the way.
When the miners finally arrived in Sao Paulo on April 20, 2002, they brought the rock to the Bank of Brazil. A world renowned gemologist was brought in to appraise the find, and when he was finished, announced that it was indeed one of a kind. Fearing that the rock could fall into the wrong hands, it was immediately shipped to the United States under heavy guard so that it could be further examined by scientists and collectors.
This is the latest in this story.
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