Graeme Bruce, 65, from Oban made the discovery in July 2024, a mile from Lamlash Bay on the Isle of Arran the BBC reports.
The wreck, believed to be the SS Eagle, was littered with artefacts including pieces of Bell’s Pottery which was first produced in Glasgow in the 1840s.
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The company was established at the corner of Stafford Street and Pulteney Street just north of the city centre by brothers John and Matthew Perston Bell.
The SS Eagle was on its way to Northern Ireland when it sank in 1859 after colliding with another ship, killing 11 people.
Graeme, a retired engineer, and the team of seven other divers, discovered the wreckage when they were about 53 metres below sea-level the BBC reports.
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According to the Scottish Pottery Society, the last piece made by Bell’s Pottery was in around 1912, though a Gazette notice for the dissolution of the company did not appear until 1923.
It produced items such as jugs, pitchers, dinner and tea services.
Exported items have been found in South America, Australia and Canada, among others.