Then that would be true of archeological digs too. I know it seems like hair-splitting, but grave robbing is looting that takes place shortly after human burial; scientific excavation of a long-ago shipwreck site isn't really equivalent. I would hope, however, any survivors of the victim(s) who owned these jewels would be contacted (IF they could firmly identify the original owner(s), and IF there are living ancestors) though it seems problematic that ownership could be firmly established.
We may also consider that people wealthy enough to own these jewels were First Class passengers who may have survived, likely had insurance, and they or their survivors wrote them off as losses and replaced them. In that case, only the insurance companies would have a financial stake (other than the excavators) at this point.
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We may also consider that people wealthy enough to own these jewels were First Class passengers who may have survived, likely had insurance, and they or their survivors wrote them off as losses and replaced them. In that case, only the insurance companies would have a financial stake (other than the excavators) at this point.