The BELPEARL AUCTION event organized by BELPEARL AUCTIONS (HK) LTD resulted in an aggregated sale of approximately $10,850,000 USD. During an eight day span, the auction showcased 804 lots of South Sea pearls from directly from producers from Myanmar, Indonesia, the Philippines and French Polynesia.
“We had a intense auction schedule over a eight days with approximately 90% of all lots sold. The first three days of our auction featured the harvest and harvest shares of the Myanmar Pearl Enterprises, the results of which were strong and helped set the tenor for the rest of the auction. Following that, we had the accumulated harvests of four Indonesian producers which posted good results. The Belpearl Tahiti Auction also fared well, with the addition of two new producers from the islands of Arutua. Finally, The last two days of auction featured the Timor Otsuki Pearl Company which also posted good results. said Michael Hajjar, director of business development for Belpearl Auctions. “Demand continues to good for South Sea pearls, the trend especially seems to be with clean surfaced White South Sea pearls, which are becoming increasingly sought after, after a tightening supply from Australia and a generally low and inconsistent supply from Indonesia.”
Belpearl Auctions is planning its next auction prior to the June Jewellery Show in Hong Kong. From the 15-16th of June, The auction will feature the Timor Otsuki Mutiara company as well as the Bima Sakti Mutiara company. Following the jewellery show we will also have another three days of auctions, featuring a notable pearl farm from Myanmar, and two days of the Belpearl Tahiti Auction which are scheduled to take place from the 23-26th of June.