Discovery
In December 2007, 70 feet (21 m) off the coast of Catalina Island in the Dominican Republic, the remains of shipwreck were discovered and subsequently investigated by archaeologists from Indiana University. The team was surprised that this ship, that had been sought after by many a treasure hunter over the centuries, was located so close to shore in shallow, crystal clear water. Confidence among the investigators were high that this was the remains of the Quedagh Merchant due to consistencies of historical records, and the cannons found in the wreckage. The Indiana University team has been licensed to investigate the site, and convert the site into an underwater preserve, where it will be accessible to the public.
Since the ship is an important symbol of Armenian commercial history, attempts to find the ship had for some time been made by Armenian scientists as well. Ayas Nautical Research Club led by Karen Balayan, who in 2004-6 had sailed around Europe in a replica of the 13th-century Armenian vessel Kilikia, published a paper in March 2007, saying they would undertake an expedition to the Caribbean Sea aboard a 46-foot yacht, Anahit, sailing under the flag of the Republic of Armenia.
Read more about this topic: Quedagh Merchant
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