Middle East Auction info

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Published November 13th, 2007

Souq.com, the leading online auction site in the UAE and a member of the Maktoob group of companies, has been named the official auctioneer of the first Intenational Pearl convention (IPC), to be held from 18 to 22 November 07 under the patronage of Her Highness Sheikha Fatima bint Mubarak, Supreme Chairperson of the Family Welfare Foundation and Chairperson of the General Women’s Union.
The aim of this ambitious event is to revive UAE’s distinguished pearling tradition and embed it as the keystone of the country’s cultural identity. The international convention will bring the attention of investors and industrialists to the glory and scope of the pearl industry; various events also have been scheduled in connection with international convention to disseminate wide prospects of this lucrative industry. Innovative programmes like Pearl Theatre, Pearl Concert, Pearl Seminars, Pearl Classes, Arabia Pearl Exhibition, Cultured Pearl Display, and Pearl Fashion also will be the attractions of the international convention.
“As renowned auction market place in the region, Souq.com and it’s parent company maktoob.com can do a lot with pearl industry in terms of explosure. They are getting a great chance to get in to this industry by cooperating with investors and industrialists who are associate with this glittering business,” said Khaled Al Sayegh, chairman of the Pearl Revival Committee. “As the International pearl convention is the venue where world’s most precious Arco valley pearl goes under hammer, presence of Souq.com will make the auction process more interactive and competitive,” he added.

A collection of pearls will be auctioned to raise funds for future activities to revive the Gulf pearl industry. Main attractions will be the Arco Valley pearl and a series of rare pieces from the region. “The Dream Pearls of Cooch Behar”: WC2A - Him 980 grains; WC2B Her 700 grains, “Worm” 404 grains, 65mm long, 2591 “Rosebud” 214 grains, 30mm, 2592 “Golden Dome” Oriental, 51 grains, 13mm, “Oriental Necklace” two lines, 10.4mm - 5.4mm, “18th Century Button Pearl Gold Jewellery” and “Sarnii chuluu” it means “Moon stone” 284.93 cr weight, and with sizes 59.1x 40.0x 29.2mm, are other pearls would be available for the auction.