Looted sarcophagus returned to Egypt from Houston museum

• The artifact, valued at more than $1 million, traded hands several times before it was purchased by a private collector, who loaned it to the Houston Museum of Natural Science in 2013.
• It remained on display until some time last year when it was seized by the New York prosecutor's office.

Details: The large, 9-foot coffin lid dates back to the Late Dynastic Period of ancient Egypt between 664 and 332 B.C., according to the Associated Press.

Driving the news: The artifact was formally returned to Egypt on Monday during a ceremony featuring U.S. diplomats and key Egyptian officials.

What they're saying: "A precious piece of Egypt's history was recovered after cooperation with our friends in the U.S., and after efforts that lasted for several years," Egypt's Foreign Minister Sameh Shoukry said in Al Jazeera.

Of note: A spokesperson declined to answer questions about the museum's vetting process for artifacts that are donated or on loan.

• "HMNS has never owned the artifact and was not involved with its removal from the Arab Republic of Egypt," spokesperson Sami Mesarwi told Axios. "As a courtesy, once we learned of the circumstances regarding the piece, we facilitated its immediate return. HMNS is fully supportive of repatriation efforts for antiquities illegally removed from their country of origin."

The big picture: Egypt is cracking down on looted antiquities, having successfully repatriated more than 5,300 stolen artifacts in 2021 alone, Al Jazeera reported.

• Having the items on display in Egyptian museums helps boost the country's economy and tourism industry, which has been ailing in recent years, officials told the publication.