Muzo’s Collection of Shipwrecked Emeralds Makes US Debut
The three pieces, recovered from a 17th century shipwreck, are set with emeralds from Colombia’s Muzo mine.

While historians believe indigenous peoples were in the Muzo mines as early as 500 A.D., the Spanish, who colonized Colombia starting in the 16th century, often are credited with the discovery of the verdant gems.
With the Spanish in power, gems flowed out of the country alongside other South American commodities, like gold, silver, and tobacco, on global trade routes for royals and Mughal emperors seeking the most spectacular specimens, said Muzo Emerald Colombia, the sales and marketing arm of the company that now owns and operates the famed mines.
Three pieces of emerald jewelry in the cargo aboard one particular ship, which never completed its voyage, now comprise the Muzo Private Collection, which made its U.S. debut last month at The Winter Show, an invite-only premiere art, antique and design fair in New York.
In 1622, Spanish galleons, including the Santa Margarita and the Nuestra Señora del Rosario, departed from ports in present-day Colombia, Panama, and Cuba on a return voyage.
One vessel owned by King Philip IV of Spain, the Nuestra Señora de Atocha, was carrying a nearly unfathomable load of cargo.
It took two months to load all the goods on board, according to the Mel Fisher Maritime Museum in Key West, Florida.
Muzo said the cargo had an estimated value between $250 and $500 million.
Unfortunately, the ship, also carrying 265 people, got caught in a storm and sank, the museum said, and while rescuers tried to retrieve what they could, they eventually had to mark the site of the wreck and move on to rescue people and treasure from the other ships caught in the storm.
Not long after, a second hurricane struck, further destroying the Atocha and scattering the wreckage for miles.
In 1969, American treasure hunter Mel Fisher began searching for the ship’s sunken remains, Muzo said.
In 1973, silver bars matching the weights and tally numbers on the ship’s cargo manifest were found, confirming the hunters were close, according to the museum, and in 1975, more cargo was recovered.
The Santa Margarita was discovered in 1980 and, finally, in July of 1985 the Atocha—the “motherlode”— was found and excavation began.
The loot included a small cache of rough Muzo crystals, though thousands more gems are thought to remain at the bottom of the ocean, said Muzo.
Some finished emerald jewelry survived the shipwreck, including lavish gold jewels, crosses, brooches and other ornaments, each characteristic of 17th century Spanish court style.
Three pieces found their way back to Muzo, which said it was those existing cargo documents that helped identify and confirm the emeralds’ origin.
“We have three of the most important pieces that contain Muzo emeralds in a piece of jewelry,” said Gabbi Harvey, the company’s head of business development.
Muzo invested in the pieces in 2014 – the royal orb, a cross on a necklace, and a ring.
While Harvey described the pieces Muzo acquired as the “most significant” recovered from the shipwreck, they are not the first emeralds from the Atocha to make headlines.
In December 2022, Sotheby’s New York auctioned a 5.27-carat octagonal step-cut emerald ring crafted from one of the rough emeralds discovered in the wreckage.
It sold for $1.2 million, blowing its $50,000-$70,000 pre-sale estimate out of the water.
The ring had been the engagement ring of author Mitzi Perdue, wife of chicken magnate Frank Perdue, one of the financial backers of Fisher’s search and recovery mission.
The recovered goods bring new insights into the workings of the world during that time in history.
Specifically, the finished jewelry that was recovered demonstrates the sophisticated techniques and craftsmanship of 17th century jewelers, Muzo said.
The orb with the cross, also known as a globus cruciger, was traditionally used as an emblem of Christ’s power by Christian monarchs or to indicate Christ’s sovereignty over the cosmos.
The one recovered from the shipwreck is thought to have been a processional orb used in annual celebrations by the church for Easter or saints’ days.
Elegantly designed, with scrolled Spanish cannetille filigree and Muzo emeralds, it represents the world, the company said, and the cross overlaid onto the orb speaks to the divine and God’s omnipresence.
Because the orb contains so many emeralds, 37, it most likely was made by goldsmiths in Colombia, Muzo said.
The other two pieces were named in honor of the Nuestra Señora de Atocha.
The Atocha cross is a 22-karat yellow gold and emerald cross found in the hull of the sunken vessel. Muzo said it represents the “most prized of all artifacts” from the wreck.
The Atocha ring is a high karat gold ring typical of the wealthier class during the 17th century. It is a size 5.5 and features a single 2.5-carat emerald with a slight chip.
In 2018, Muzo manufactured its own collection inspired by the Atocha pieces, the Heritage Collection.
“[The Heritage Collection] was an opportunity to bring back the past.”
The Muzo Private Collection, as well as some pieces from the Heritage collection, were on view at The Winter Show in New York in January.
It was the collection’s first time on public display in America and added to the discussion of what’s next for these irreplaceable artifacts of history.
“They were received beautifully [at the show], and the story is so incredible, and we do think it needs to be shared with everyone else,” Harvey said.
“We didn’t realize how many people knew about the Atocha and how significant it was. It’s really for a shame for us to keep these wonderful artifacts in a safe, so we’ve had brief discussions that perhaps we will put it in a museum; it just has to be the right place.”
Until the perfect opportunity presents itself, the Muzo team plans to cherish their time with the collection.
Harvey summed it up, “It’s a piece of Muzo. It’s a piece of Spanish history. It’s quite an incredible find.”
The Latest

The deal closed this week, which means Instore will produce the JA NY show slated to take place this fall.

The company’s jewelry sales were up in Q4 and the fiscal year, with Richemont raising prices in part because of the cost of gold.

The “Bauble” capsule collection of colorful one-of-a-kinds includes our Piece of the Week, the “Bauble” earrings, featuring rose zircon.

As gold prices rise, today’s retailers are looking for alternatives at prices that will appeal to wider audiences.

The updated catalog has a newly dedicated section for gift wrapping.


Everett covers colored stones’ surging popularity, the mellow return of the “Mellon Blue,” and his “The Devil Wears Prada” doppelgänger.

Fourth-generation CEO Lilly Mullen wants to emphasize experience, connection, and personalized service.

With the trade and customer trust in mind, GIA® developed NextGem™ – on-demand training designed specifically for retail.

The new award, created in partnership with Henne Jewelers, honors the late designer’s legacy through supporting jewelry education.

The NYPD is warning elderly New Yorkers to keep their jewelry hidden when walking outside to avoid being a target.

Designer Viviana Langhoff has realized her dream of owning a space for her Chicago jewelry store that looks and feels like her brand.

The sessions will run from Friday, May 29, to Sunday, May 31, with one being a live taping of an episode of Couture’s podcast.

Former Stephanie Gottlieb Fine Jewelry executive Morgan P. Richardson is joining the lab-grown diamond jewelry brand.

The $400 pocket watch is a blend of Audemars Piguet’s iconic eight-sided Royal Oak and Swatch’s unserious Pop watches from the ‘80s.

With gold prices on the rise, the “Modern Electrum” collection uses an alternative, non-tarnishing metal alloy composed of gold and silver.

Fruchtman Marketing has new owners, Erin Moyer-Carballea and Manuel Carballea, and will relocate to Miami.

In a column for the 2026 State of the Majors issue, Smith lists 10 time-tested principles about sales that still ring true.

In a column for the 2026 State of the Majors issue, Golan spells out how the growing economic divide in the U.S. is reshaping the market.

The “Limitless Expansion of Joy and Hope” collection evokes summer through colored gemstones and motifs of butterflies and florals.

The jewel, circa 1890, is from the late Victorian era and was owned by descendants of the last high king of Ireland.

This is what the nine recipients plan to do with the funds.

The Western star’s 14-karat gold signet ring sold for six times its low estimate following a bidding war at U.K. auction house Elmwood’s.

The discussion, "Rebuilding the Jewelry Workforce," will take place on Saturday, May 16, in Troy, Michigan.

A matching pair of 18.38-carat, D-color diamonds from Botswana’s Jwaneng mine sold for $3.3 million, the top lot of the jewelry auction.

Sponsored by A Diamond Is Forever

The next generation of lapidarists are entrepreneurial, engaged online, and see the craft as a means for artistic expression.

It was the second auction appearance for the fancy vivid blue-green diamond, which sold for $7.8 million at Christie’s Geneva 12 years ago.

























