First-of-its-kind pearl auction held utilizing Hainan FTP
By CHEN BOWEN |
chinadaily.com.cn |
Updated: 2026-01-24 16:47
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Wei Lan, a buyer from Sanya, said she submitted a bid for a lot of pearls, attracted by their value. "It's a great deal whether as a gift or for personal use, much cheaper than buying from a mall," she said.
The three-day auction differed from traditional bonded display auctions by integrating trading and production. It featured four innovations: no required guarantee, streamlined customs oversight, no time limit for re-exporting unsold items, and the option for further processing.
