Divers recover buried riches from the sunken Spanish galleon in the Gulf of Mexico.
The treasure includes a sapphire ring, and silver coins. Rare artefacts recovered from a wrecked Spanish galleon have prompted an Australian company to tempt investors on a billion-dollar treasure hunt. The galleon was one of seven ships wrecked in a 1622 storm in the Gulf of Mexico, but only two ships have been salvaged so far. However, recent advances in technology have put the wrecks within reach of salvagers, the Adelaide-based company, Maritime Archaeological Investments Limited, said yesterday. The latest marine search equipment can now operate at great depths with uncanny accuracy.