Exclusive Jewelry Auction Hosted by Dubai Tourism and Burj Al Arab Fetches USD 100 million

Renowned Saudi designer Dana Al Alami's hand-selected collection of uncommon and one-of-a-kind high-value jewelry fetched USD 100 million at a special auction hosted by Dubai Tourism and Burj Al Arab over a two-day duration.

The extremely anticipated auction drew in a variety of prominent high-net-worth customers, financiers and VIPs from Europe in addition to the GCC nations, especially the Kingdom of Saudi Arabia, with the collection comprising a shimmering range of 130 uncommon fashion jewelry creations designed with gemstones and gems such as diamonds, rubies and emeralds to name a few. The line-up consisted of 20 locket sets, 50 rings, 20 pairs of earrings, 20 bracelets, 10 pins and pendants, and 10 pearl developments.

"We would like to congratulate Dana Al Alami on the definite success of this auction, which also strengthens Dubai's position as a major global diamond and fashion jewelry capital of the world, with a growing high-end luxury market. Dubai takes terrific pride in encouraging regional and local talent and utilizing native prospective throughout all areas of art and fashion. We anticipate keep promoting and offering massive chances for emerging artists from the GCC in addition to the broader Middle East area," said Mana Al Suwaidi, Regional Director-- Middle East and Sub-Continent, Dubai Tourism.

The response has actually been amazing and I would like to thank Dubai Tourism and Burj Al Arab for their assistance and contribution in making this auction such a big success. Dubai has long been recognized for its commitment to constantly provide chances to specialists throughout every artistic field and this auction serves to just reinforce the emirate's unequaled position as one of the most sought after international platforms for the growing community of innovative specialists in the region.