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San Jose galleon: 'Holy Grail of shipwrecks' with £16bn treasure haul to be exhumed off Colombian coast

  • The Colombian government has ordered the lifting of the Spanish galleon San Jose, known as the "Holy Grail of shipwrecks," which sank over 300 years ago with an estimated 200 tons of treasure.
  • The recovery of the shipwreck is a priority for Colombia President Gustavo Petro's administration, but there is an ongoing dispute among Colombia, Spain, and Bolivia's Qhara Qhara nation regarding the ownership of the treasure, which is valued between £3.2bn and £16bn.
  • The shipwreck, discovered by the Colombian navy in 2015 near the port of Cartagena, is considered historically significant and could provide valuable insights into the early 1700s. It will be raised through a public-private partnership.
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The Times broke the news in London, United Kingdom on Monday, November 6, 2023.
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