The Bahrain Institute for Pearls and Gemstones (DANAT) has announced that the Kingdom of Bahrain is set to host a ground-breaking event, which is the inaugural international auction of natural pearls.
This historic auction will take place at DANAT's headquarters, located at the prestigious Bahrain World Trade Centre in Manama. This highly-anticipated event will unfold on June 20, showcasing the magnificence of natural pearls to a global audience.
The event marks a significant milestone for Bahrain, as it serves as a key destination for this auction. The auction, initiated by the Rapaport Group in the United States on June 7, has already traversed various cities within and outside the United States.
DANAT has been instrumental in collecting, grading, and certifying the pearls. Only natural pearls will be offered for sale, and all will be certified as natural by DANAT.
"We eagerly anticipate collaborating with Rapaport International Group to foster the growth of the natural pearl market. This endeavor aligns with the fourth objective of the national plan aimed at reviving the pearl sector in the Kingdom of Bahrain," Noora Jamsheer, CEO of DANAT Institute said.
"This initiative signifies the historical legacy of natural pearls, which served as the economic foundation of the Arabian Gulf region. For thousands of years, Bahrain held the position as the epicenter of this trade. Bahraini pearls have consistently captivated international jewellery houses, drawing countless traders from the West who sought to acquire these precious gems," Jamsheer added.
Rapaport International Group will oversee the management of the auctions in collaboration with a range of specialized companies. The auction will exclusively involve the participation of registered companies, with individual participation not being available.
Natural pearls are one of the rarest gifts of nature - so rare that until now no one has been able to offer them for sale on a regular basis. Bahrain has produced natural pearls for centuries as it is blessed with sea beds fed by fresh water, an ideal setting for natural pearl growth.
Source: Bahrain News Agency