"If the Titanic was visible on land, we would not be having this discussion and it would be taken better care of."

Katie Rosevear, from Cornwall, whose great-uncle Stephen Jenkin sunk with the Titanic, said any further salvaging of the Titanic sounded "horrific".

The 62-year-old still wears a blue stone bracelet that Mr Jenkin gave her grandmother before boarding the ship back to work in the copper mines in Michigan.

"It should be left to rest in peace," said the primary school teacher.

"My uncle's body was never found and it's a possibility his body is still aboard the ship."

Carpenter Simon Medhurst, whose great grandfather Robert Hitchens died with the ship, is scared the collection could be bought by an individual who does not exhibit it.

Mr Hitchens was at the helm of the vessel as it struck the iceberg and has been blamed for the disaster.

"It would obviously be a shame if it was plundered," said the 49-year-old father-of-four, from Chelmsford, Essex.

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Fears Titanic wreck could be pillaged after salvage company falls into bankruptcy - Telegraph.co.uk