The highly anticipated Belpearl Auction in September generated approximately US$5.52 million, with fine-quality pearls leading the sales.

Organised by Belpearl Auctions (HK) Ltd, the six-day event showcased 765 lots of South Sea pearls sourced directly from producers in Myanmar, Indonesia, Philippines and French Polynesia.

The September auction kicked off with the quarterly Belpearl Tahiti Auction, featuring latest pearl harvests from independent farms across French Polynesia.

Michael Hajjar, director of Business Development at Belpearl Auctions, commented, “Despite current overproduction and price volatility in the black South Sea pearl market, our auction results showed that some of our finer-quality producers were still garnering positive results.”

Pearl surplus however continues to “raise serious questions on the long-term viability of French Polynesia's unregulated approach to supply,” continued Hajjar.

The Belpearl Tahiti Auction was followed by the presentation of white and golden South Sea pearl lots, headlined by premier producers such as Indonesia-based Timor Otsuki Mutiara and Tasaki of Myanmar. Both companies fared strongly at the auction against the backdrop of ongoing public demonstrations in Hong Kong and the US-China trade row.

Belpearl Auctions is holding its next auction from November 22 to 26. The five-day event, to be held at Belpearl Auctions' dedicated pearl auction space at the China Life Center at One HarbourGate in Hung Hom, is shining the spotlight on the quarterly Belpearl Tahiti Auction as well as independent producers from Indonesia, Myanmar and Philippines.