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Gemstones

šŸ“ó §ó ¢ó „ó ®ó §ó æšŸ’Ž Archaeologists find 2000 year-old 'Gemstones' in drain beneath a Roman Bathhouse, Carlisle, England

Down a drain beneath the murky waters of an ancient Roman bathhouse in Carlisle, England, nearĀ Hadrian’s Wall, archaeologists have discovered a troveĀ of gemstones lost by bathers 2000 years ago. More than 30 gems, including amethyst,Ā jasperĀ andĀ  carnelian have been found so far during excavations at the site. Wealthy bathers likely dropped them back in opulent bathhouse’s heyday in 2nd-3rd Century CE.

ā€œIt’s incredible,ā€ says archaeologistĀ Frank Giecco, who led the excavation, toĀ Observer’s Dalya Alberge. ā€œIt’s caught everyone’s imagination. They were just falling out of people’s rings who were using the baths. They were set with a vegetable glue and, in the hot and sweaty bathhouse, they fell out of the ring settings.ā€

The pieces feature deities dedicated toĀ war, sun,Ā commerce,Ā  luckĀ andĀ fertility. The largest were around 0.6 inches and smallest were just under 0.2 inches. Their small size would have made the carvings particularly difficult, requiring the expertise of an advanced craftsman.Ā 

ā€œYou don’t find such gems on low-status Roman sites,ā€ Giecco tells Observer. ā€œSo they’re not something that would have been worn by the poor.ā€ Still, Carlisle site isn’t entirely unique: In the past, similar gemstones have beenĀ found in the drainsĀ of other bathhouses during archaeological excavations.Ā 

The small, semiprecious engraved gems areĀ known as intaglios, which were first produced some 5000 years ago in Mesopotamia. Owners would press their intaglios into clay or wax to create a seal, which they used to authenticate documents (similar to a modern-day signature). ā€œTheir material, size and color would reflect the wealth and taste of the patron,ā€ writes G. Max Bernheimer, Christie’s international head of antiquities, on auction house’s website. At one point, he adds, it was in fashion for Romans to wear intaglios featuring the likenesses of their favorite philosophers.

ā€œThe intaglios can be seen on many levels,ā€ Giecco tellsĀ Artnet’s Min Chen, ā€œfrom pieces of art to connections to the individuals who owned them.ā€

In addition to the gemstones, the team at the Carlisle bathhouse found over 40 women’sĀ hairpins and 35 glassĀ beadsĀ in drain. Hundreds of other artifacts, including pottery, weapons and coins have also been uncovered at the site. Eventually, discoveries will most likely go on view at Tullie House Museum and Art Gallery.

ā€œCarlisle was very much at the center of the Roman frontier,ā€ Giecco tells BBC News, ā€œand we are very excited to go back … for more amazing finds, as it is the site that just keeps giving.ā€

šŸ”— archeohistories

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šŸ‡ŗšŸ‡ø Blue Owl Capital just disclosed that investors tried to pull 40.7% of one fund and 21.9% of another in a single quarter, and both funds gave the same answer, you can only have 5% back, and everyone else waits in line.

This is a bank run, not a normal withdrawal.

Wall Street spent the last decade selling millions of investors on something called semi-liquid private credit, higher yields, steady income and the promise you could get your money back every quarter if you needed it. What they buried in the fine print was what happens when too many people try to leave at the same time.

Analysts who have covered private credit for decades say nothing on this scale has ever been reported before at any major private credit manager.

These funds do not hold stocks you can sell on a Tuesday afternoon, they hold private loans to mid sized companies that cannot be liquidated quickly without destroying the price for every investor still trapped inside.

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