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Fri, Oct 11, 2024 | Rabi al-Thani 7, 1446 | DXB
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World’s second largest pearl to go under hammer in Dubai
DUBAI — The famous Arco Valley Pearl, one of the world’s most historical and the second largest natural pearl, will be auctioned in Dubai next month.
- By
- A Staff Reporter
The UAE Pearl Revival Committee yesterday announced that the auction would be held on November 19 in Dubai in connection with the first International Pearl Convention.
The convention is being organised to revive UAE’s distinguished pearling tradition and make it the keystone of the country’s cultural identity.
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The 575-carat Arco Valley Pearl is expected to raise $6-8 million at the auction.
“The pearl is baroque in form, which means it is of an irregular shape, and is classified as a ‘natural blister pearl’. It measures 79 x 41 x 34 mm and is white in colour with overtones of pink and yellow,” said Abdalla Al Muaini, Head of Dubai Gemstone Laboratory.
“Pearls are a real asset and a good investment. Cyclical changes play an important role in the pearl market, and the recent years have witnessed a renewed interest in pearls. We aim to provide an opportunity for pearl collectors and investors to interact closely. We need everyone’s support to make this event a success,” said Khaled Al Sayegh, chairman of the UAE Pearl Revival Committee.
The international convention, which will be in Dubai on November 19 and in Abu Dhabi on November 21, is expected to give investors and industrialists a chance to see the glory and scope of the pearl industry.
Various events are being planned as part the convention highlighting the wide prospects of the lucrative industry. The events are Pearl Theatre, Pearl Concert, Pearl Seminars, Pearl Classes, Arabia Pearl Exhibition, Cultured Pearl Display and Pearl Fashion also will be the attractions international convention.
“The convention will lay the foundation for a remarkable revival of our wonderful history in the pearl industry,” said Khaled Al Sayegh.
“Historically, the world’s best pearls came from the Gulf. They were naturally formed. The discovery of large deposits of oil signalled an abrupt end to the pearl industry in early 1930s. Those who once dived for pearls sought prosperity in the economic boom ushered in by the oil industry,” he said.
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