(CNN) — Archaeologists excavating on Mount Zion in Jerusalem have uncovered evidence of the Babylonian conquest of the city, appearing to confirm a Biblical account of its destruction.

Academics from the University of North Carolina at Charlotte made significant finds, including ash deposits, arrowheads, and broken pieces of pots and lamps. The most surprising discovery, however, was an item of jewelry, which appears to be a tassel or earring with a bell-shaped upper portion, the researchers said.

Shimon Gibson, co-director of the university's Mount Zion archaeological project, told CNN that the recovery of the rare piece of jewelry is the first time that archaeologists have uncovered signs of the "elites," appearing to confirm Biblical descriptions of Jerusalem's wealth prior to the conquest in 587-586 BC.