Stolen 850-Pound Emerald Recovered

The Los Angeles County Sheriff's Department has recovered the stolen Bahia Emerald. The 850-pound emerald’s estimated worth is $379 million.

The gem was stolen from a secured vault in South El Monte in September and later warehoused in Las Vegas, said Lt. Thomas Grubb of the Major Crimes Bureau. "The way it was stolen was through falsification of paperwork," Grubb said. "They flimflammed some papers and were able to get it released from the vault."

When the suspects learned that deputies were hot on their trail, they agreed to hand over the gem. On Dec. 19, sheriff's investigators arrived in Las Vegas with a court order and took possession of the stone. No arrests were made.

The emerald has since been returned to L.A. County and will remain in the custody of the Sheriff's Department until ownership is resolved." A judge is going to have to rule on who the rightful owner is," Grubb said. "We got one side telling us it belongs to them, and another side saying no, it belongs to us. "The Bahia Emerald, was originally unearthed in Brazil and is believed to be the second-largest stone of its kind.