300-year-old wreck laden with gold and precious stones found off Colombia

The wreck of a 300-year-old galleon ship carrying gold and precious stones has been found off Colombia.

Experts have said the value of the haul could be estimated at €1.4bn.

The country's president Juan Manuel has said he will reveal more details about the Spanish vessel later today.

Gran noticia: ¡Encontramos el Galeon San José! Mañana daré los detalles en rueda de prensa desde Cartagena.

— Juan Manuel Santos (@JuanManSantos) December 4, 2015

The San Jose was sunk by the British in 1708 with millions of gold coins and jewels.

There was previously a dispute with Sea Search Armada over the ownership of the wreckage.