The treasure trove unit at the National Museums of Scotland's Edinburgh headquarters said the necklaces, discovered in a field near Stirling, are the property of the Crown under Scottish laws for relics classified as "treasure troves," The Daily Record reported Tuesday.
However, the government-appointed Scottish Archeological Finds Allocation Panel, which includes museum officials, is currently researching the worth of the objects to determine the amount of compensation to be awarded to the man who discovered them. Experts said the necklaces are probably worth a total of more than $2 million.
A source with the dig team that excavated the site after the necklaces were discovered said the items are in perfect condition.
"The workmanship is breathtaking. Some of the gold wire used is the thickness of your finger," the source said.