DUBAI, United Arab Emirates, Oct. 17 /Xinhua-PRNewswire/ -- The Pearl Revival Committee has announced the first International Pearl Convention in November. The event will include the auction of the world's largest natural pearl. The aim of this ambitious project is to revive UAE's distinguished pearling tradition and embed it as the keystone of the country's cultural identity.
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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.
"The convention will lay the foundation for a remarkable and unique revival that gives us back our wonderful history within the pearl industry," said Khaled Al Sayegh, Chairman, Pearl Revival Committee. "Historically, the world's best pearls came from the Gulf. They were naturally created and collected by breath-holding divers. The discovery of large deposits of oil put an abrupt end to pearl industry in early 1930's. Those who once fished pearls sought prosperity in the economic boom ushered in by the oil industry," he pointed out.
"Pearls are a real asset and a good investment as they provide a storehouse of value. Cyclical changes play an important role in pearl market, and the recent years have witnessed a renewed interest in them. We aim to provide an opportunity for pearl collectors and investors to interact closely," said Sheikha Mae.
One of the key aspects of the convention is the auction of the world's second largest natural pearl which comes after The Pearl of Asia with an approximate value of USD 8 million along with some of the world's rarest and most sought after pearls which includes: "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 sises 59.1x 40.0x 29.2mm.
Part of the revival initiative would be an industry report that will outline the economical and commercial scope of the pearl market. A screening of Pearl films will also be a part of the event. All funds raised from the event will be used to revive the virtually defunct regional pearl industry. Revival of the pearl industry is expected to boost the region's economy as a whole, which is now trying to tap more from non-oil industry.
