Worlds second largest pearl to go under hammer in Dubai
Published October 27th, 2007
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.
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.
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.
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