First-of-its-kind pearl auction held utilizing Hainan FTP

Yang Dan, deputy general manager of Hainan Heren Pearl Co, said the integrated model provides strong support for foreign trade and demonstrates how to leverage FTP policies for the high-end jewelry market. The first auction is expected to bring in about 4.825 million yuan ($0.7 million) worth of black pearls. The company plans to hold regular quarterly auctions, aiming to build a nationally recognized international pearl trading brand.

Huang Yong, chairman of Guangdong Gems & Jade Exchange, said the event highlights Hainan's policy advantages, tourism appeal, and pearl industry foundation. It also creates a platform for policy coordination and resource sharing between Guangdong and Hainan. Future plans include regular events, expanded product categories, building an integrated industry chain from import to sales, and exploring new models like bonded trade and e-commerce.