Watch List notes:

Lot of 2.65 carats of small, natural emeralds in an encrusted cluster and loose, from a Spanish colonial site in the southern Caribbean (1500s-1600s). 3/8" (cluster). At least seven small, natural emeralds, many of them encrusted together (either naturally or as part of a small colonial cache), all rather clear and bright-green in color, generally much better than what we see from shipwrecks. Pedigreed to our Auction #5, with original lot-tag #1508.

Estimate: $150 - 225