Dubai to tender the world’s finest PearlsFebruary 24, 2009
Leading pearl producers Paspaley Pearling Co Pty Ltd in Australia, Robert Wan Tahiti in French Polynesia, Jewelmer International Corporation in the Philippines and Cogent Trading Co Ltd in Hong Kong will gather for a world-first showcase of gem-quality pearls in Dubai. Invited top pearl buyers from the international trade, leading jewellery design brands and members of the DPE will present closed bids for up to 80 lots of important single pieces, gem-quality matched sets and strands of significant rarity, according to DPE, which anticipates that pearls worth several million US dollars will be offered for sale.
Pearl producers have keenly embraced this private tender thanks to the distribution and sales opportunities that such an event can create. “This pearl tender will enable us to showcase our very finest pieces to a truly international audience gathering here in Dubai in February,” said Nicholas Paspaley, chairman of Paspaley Pearling Co. The selection of pearls Paspaley will offer includes one of the only five Nautilus pompilius pearls known to the GIA and an important South Sea pearl strand with a centrepiece of over 22mm.
“Hosting a pearl sale of this calibre enables our DPE members to access some of the world’s rarest pearls while creating a viable trading channel for some of the world’s largest producers, all in a location recognised historically as a major pearl trading hub – Dubai,” said Ahmed bin Sulayem, executive chairman of the Dubai Multi Commodities Centre, the parent company of DPE.
Taking place alongside the inaugural pearl tender are the World Pearl Forum, a conference dedicated to the production, business, design, marketing and certification of the global pearl sector, as well as the official opening of the DPE, a membership-led pearl trade networking hub located on the 62nd floor of Almas Tower within Jumeirah Lakes Towers.