Overview

• The San Jose galleon sank in 1708 near Cartagena, carrying gold, silver, and emeralds worth billions.
• Colombia announced the site as a 'protected archaeological area' to ensure preservation and research.
• Multiple parties, including Spain, Bolivia's indigenous communities, and a US salvage company, claim rights to the treasure.
• Colombia's initial research phase involves non-intrusive exploration and photographing of the wreck.
• Future expeditions may aim to recover archaeological materials and further study the shipwreck.