SINGAPORE, Oct. 12 (Xinhua) -- The Singapore Jewelry and Gem Fair made its debut on Saturday with jewelry and gems on display worth some 1 billion U.S. dollars.
The fair features 283 exhibitors from 28 countries, including diamond experts from Belgium, Israel and Switzerland and pearl specialists from Indonesia, Japan and Britain.
Paul Wan, managing director of UBM Asia Trade Fairs, organizer of the fair, said the regional jewelry industry is worth more than 50 billion U.S. dollars.
"With Southeast Asia set to become the largest wealth market in the world, the jewelry industry will most certainly grow in tandem, " he said.
The four-day fair has 12 pavilions, including nine country and region pavilions and three special-themed ones such as the Antique Pavilion, the Designer Atelier and the Exquisite Pavilion.
An antique Victorian diamond tiara dating back to 1850, worth 20 million U.S. dollars, was sold Saturday morning. It was the oldest piece at the fair, with approximately 110-carat of circular- cut, cushion and pear-shaped diamonds.
Other highlights include a 129.6-carat emerald pendant and a lotus flower ring with a 22-carat melo pearl that is very rare as it does not come from an oyster or mollusk, but instead from the melo marine snail.