The Emirates has long been rich territory for pearl connoisseurs.
Beginning in the 16th century, pearl diving was a major source of income for people in the UAE and the wider Gulf, says Biju Joy, the general manager of Dubai Gold & Jewellery Group, a trade association with about 600 members.
While the pearl trading business in the region started to decline in the 1930s because of the depression, there has been somewhat of a resurgence lately.
The UAE has hosted a number of events pegged to pearls in recent years, including the country's first World Pearl Forum in 2009.
More than 100 pearl traders joined in a couple of auctions held earlier this year by the Dubai Pearl Exchange, which is a subsidiary of the licensing authority for Dubai's Jumeirah Lake Towers Free Zone known as the Dubai Multi Commodities Centre (DMCC).
Sales from those auctions totalled more than US$13.5 million (Dh49.5m) and featured white South Sea pearls produced by Paspaley Pearling, as well as Tahitian and golden South Sea pearls from Robert Wan and Jewelmer.
But what about the so-called Dubai pearl that is created here, locally?
"UAE was previously a source for natural pearls," says Mr Joy. "However, the UAE today does not cultivate pearls, and they are imported from China, Australia, the US, Thailand and Philippines for trading purposes."
Others in the region have considered cultivating pearls locally, although a number of hurdles remain.
"The waters in Dubai are very active with the ports, [and] the best producing pearls are the ones in the unchartered areas of Australia and [other] places," says Ahmed bin Sulayem, the executive chairman of the DMCC.
"It would take up 10 or 20 times the size of the space we require in Dubai to get 5 to 20 per cent [of the pearls] to retail."
Today, freshwater pearls are the most common type bought in the Emirates, says Mr Joy. Freshwater cultured pearls are grown in lakes, ponds and rivers, with most of the world's supply coming from China, Japan and the US.
Globally, freshwater pearls are also the most popular, whereas saltwater pearls are rarer.
Most stores will provide in-house certificates for their jewellery, although shoppers should consider some key characteristics of pearls:
Size and shape
One key factor in a pearl's value is its size. Larger pearls typically command a steeper price. The more symmetrical a pearl, experts say, the greater its value. Yet some of the most common shapes of pearls are not only round but oval or semi-round. Long or rice-shaped pearls are also proving popular. "I don't like round," says Mr bin Sulayem. "I like it to have an organic type of shape."
Colour and lustre
Colours can vary from shades of white or peach to pink, lavender and mauve. They generally range from cream to silver-white, which are the most common.
Black is considered the most rare. "I have no idea what's my fascination, but it's always the black that I like," says Mr bin Sulayem, whose two great grandfathers were pearl divers. "I do have two pink pearls that I wear every now and then, but I'm more fascinated with the black colour."
When it comes to a pearl's lustre, the reflection of light on its surface is the most important factor in determining value.
Some in the industry say the best clearly show a person's reflection.
Cost
A strand of pearls can range from $100 to $10,000, depending on the key characteristics.
But South Sea pearls are the most expensive, and least commonly bought, says Mr Joy.
"They are some of the rarest and most valued pearls in the world," he says.
"They are generally much larger than other pearl types and have a unique lustrous quality."
South Sea pearls have a thick nacre with a silky lustre, says Mr Joy, and can vary in size from 9 millimetres to 20mm.
"Their host shell is the largest pearl-producing oyster, and is able to grow a very large pearl."
It may take two to four years before one of these is produced, and cost anywhere from $3,000 to $300,000.
[ nparmar@thenational.ae ]
THE SPECS
Engine: 4.4-litre twin-turbo V8 hybrid
Power: 653hp at 5,400rpm
Torque: 800Nm at 1,600-5,000rpm
Transmission: 8-speed auto
0-100kph in 4.3sec
Top speed 250kph
Fuel consumption: NA
On sale: Q2 2023
Price: From Dh750,000
Fitness problems in men's tennis
Andy Murray - hip
Novak Djokovic - elbow
Roger Federer - back
Stan Wawrinka - knee
Kei Nishikori - wrist
Marin Cilic - adductor
Turning waste into fuel
Average amount of biofuel produced at DIC factory every month: Approximately 106,000 litres
Amount of biofuel produced from 1 litre of used cooking oil: 920ml (92%)
Time required for one full cycle of production from used cooking oil to biofuel: One day
Energy requirements for one cycle of production from 1,000 litres of used cooking oil:
▪ Electricity - 1.1904 units
▪ Water- 31 litres
▪ Diesel – 26.275 litres
SPEC SHEET: SAMSUNG GALAXY S24 ULTRA
Display: 6.8" quad-HD+ dynamic Amoled 2X, 3120 x 1440, 505ppi, HDR10+, 120Hz
Processor: 4nm Qualcomm Snapdragon 8 Gen 3, 64-bit octa-core
Memory: 12GB RAM
Storage: 256/512GB / 1TB
Platform: Android 14, One UI 6.1
Main camera: quad 200MP wide f/1.7 + 50MP periscope telephoto f/3.4 with 5x optical/10x optical quality zoom + 10MP telephoto 2.4 with 3x optical zoom + 12MP ultra-wide f/2.2; 100x Space Zoom; auto HDR, expert RAW
Video: 8K@24/30fps, 4K@30/60/120fps, full-HD@30/60/240fps, full-HD super slo-mo@960fps
Front camera: 12MP f/2.2
Battery: 5000mAh, fast wireless charging 2.0, Wireless PowerShare
Connectivity: 5G, Wi-Fi, Bluetooth 5.3, NFC
I/O: USB-C; built-in Galaxy S Pen
Durability: IP68, up to 1.5m of freshwater up to 30 minutes; dust-resistant
SIM: Nano + nano / nano + eSIM / dual eSIM (varies in different markets)
Colours: Titanium black, titanium grey, titanium violet, titanium yellow
In the box: Galaxy S24 Ultra, USB-C-to-C cable
Price: Dh5,099 for 256GB, Dh5,599 for 512GB, Dh6,599 for 1TB
Dengue fever symptoms
- High fever
- Intense pain behind your eyes
- Severe headache
- Muscle and joint pains
- Nausea
- Vomiting
- Swollen glands
- Rash
If symptoms occur, they usually last for two-seven days
The specs: 2018 Mitsubishi Eclipse Cross
Price, base / as tested: Dh101,140 / Dh113,800
Engine: Turbocharged 1.5-litre four-cylinder
Power: 148hp @ 5,500rpm
Torque: 250Nm @ 2,000rpm
Transmission: Eight-speed CVT
Fuel consumption, combined: 7.0L / 100km
Under-21 European Championship Final
Germany 1 Spain 0
Weiser (40')
PROFILE OF SWVL
Started: April 2017
Founders: Mostafa Kandil, Ahmed Sabbah and Mahmoud Nouh
Based: Cairo, Egypt
Sector: transport
Size: 450+ employees
Investment: approximately $80 million
Investors include: Dubai’s Beco Capital, US’s Endeavor Catalyst, China’s MSA, Egypt’s Sawari Ventures, Sweden’s Vostok New Ventures, Property Finder CEO Michael Lahyani
Company profile
Company name: Hayvn
Started: 2018
Founders: Christopher Flinos, Ahmed Ismail
Based: Abu Dhabi, UAE
Sector: financial
Initial investment: undisclosed
Size: 44 employees
Investment stage: series B in the second half of 2023
Investors: Hilbert Capital, Red Acre Ventures
COMPANY PROFILE
Company name: Mozn
Started: 2017
Founders: Mohammed Alhussein, Khaled Al Ghoneim, Abdullah Alsaeed and Malik Alyousef
Based: Riyadh, Saudi Arabia
Industry: FinTech
Funding: $10 million
Investors: Raed Ventures, Shorooq Partners, VentureSouq, Sukna Ventures and others
UAE currency: the story behind the money in your pockets
COMPANY PROFILE
Company: Eco Way
Started: December 2023
Founder: Ivan Kroshnyi
Based: Dubai, UAE
Industry: Electric vehicles
Investors: Bootstrapped with undisclosed funding. Looking to raise funds from outside
SPECS
Engine: 2-litre direct injection turbo
Transmission: 7-speed automatic
Power: 261hp
Torque: 400Nm
Price: From Dh134,999
Dubai Rugby Sevens
November 30-December 2, at The Sevens, Dubai
Gulf Under 19
Pool A – Abu Dhabi Harlequins, Jumeirah College Tigers, Dubai English Speaking School 1, Gems World Academy
Pool B – British School Al Khubairat, Bahrain Colts, Jumeirah College Lions, Dubai English Speaking School 2
Pool C - Dubai College A, Dubai Sharks, Jumeirah English Speaking School, Al Yasmina
Pool D – Dubai Exiles, Dubai Hurricanes, Al Ain Amblers, Deira International School
FA CUP FINAL
Manchester City 6
(D Silva 26', Sterling 38', 81', 87', De Bruyne 61', Jesus 68')
Watford 0
Man of the match: Bernardo Silva (Manchester City)
COMPANY PROFILE
Name: Xpanceo
Started: 2018
Founders: Roman Axelrod, Valentyn Volkov
Based: Dubai, UAE
Industry: Smart contact lenses, augmented/virtual reality
Funding: $40 million
Investor: Opportunity Venture (Asia)
COMPANY PROFILE
Company name: Znap
Started: 2017
Founder: Uday Rathod
Based: Dubai, UAE
Industry: FinTech
Funding size: $1m+
Investors: Family, friends