In an attempt to revive the pearl industry of Dubai, the Dubai Multi Commodities Centre (DMCC), announced plans to revive Dubai’s traditional pearl farming industry through a joint venture with Australian pearl producer, Arrow Pearl Company.%%
As per reports, the pearls, will be produced at a farm located off the coast of Dubai, and would be sold under the ‘Pearls of Dubai’ brand.%%According to DMCC officials, the pearl exchange was launched last month to tap the global $1 billion rough pearl industry that is controlled mainly through Hong Kong.
%%The exchange will also provide pearl grading services in partnership with the Pearl Laboratory in Bahrain.
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