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

A jewelry auction featuring Tahitian black pearls — the first event of its kind to use the Hainan Free Trade Port's zero-tariff policy for high-end pearls — was kicked off on Friday at the Heren Gold and Jewelry Industry Park in the Yazhou Bay Science and Technology City in Sanya, Hainan province.

The event was designed to implement the preferential policies of the FTP in the high-end consumer goods sector, aiming to establish the island as a new hub for jewelry trade and boost its role as an international tourism and consumption center.