Article 4VF5K Utility company asks for proof that a $280 million emerald was lost in California wildfire

Utility company asks for proof that a $280 million emerald was lost in California wildfire

by
John Struan
from on (#4VF5K)
Story Image

It's not impossible for an emerald to be valued at $280 million. In 2017, a 794-pound emerald was found in Brazil and valued at $309 million:

However, in the ongoing litigation over the 2018 Camp Fire, PG&E has asked for proof that a married couple really lost a $280 million emerald when their home burned down. Their "Beleza Emerald" was described in court documents as a 500-pound "solid block of black schist and quartz with green crystals."

Aside from the immense value of the emerald, Market Watch notes a few suspicious factors:

While the Camp fire burned hot enough to melt aluminum - which has a melting point of 1,221 degrees Fahrenheit - emeralds start to degrade at temperatures around 1,800 degrees Fahrenheit

A Google search found no record of a "Beleza Emerald."

According to Realtor.com, the house in question was an 8-bedroom, 4,400-square-foot home in Paradise with an estimated value of $586,000 - raising further doubts that it contained a gem worth more than 477 times the price of the house.

In an effort to verify the claim, PG&E has requested proof of ownership such as photos of the emerald, or receipts for security precautions such as temperature control or employment of security personnel.

External Content
Source RSS or Atom Feed
Feed Location https://boingboing.net/feed
Feed Title
Feed Link https://boingboing.net/
Reply 0 comments