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First White South Sea and Coral Galatea Mercy Pearl Sells

Dec 21, 2009 1:00 PM   By Press Release
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RAPAPORT...  Press Release: The first white South Sea and Coral Galatea Mercy Pearl™ was auctioned on Thursday night, December 10, 2009 at Friends Without a Border’s First Annual Los Angeles Gala at the Hollywood Roosevelt Hotel in Hollywood, California. The 11-millimeter pearl, set in a 14-karat yellow gold and diamond Mermaid pendant, fetched $3,000. The purchaser was Tim Bui, a film producer from Los Angeles.

The pearl is the first from Galatea: Jewelry by Artists' new pearl farming venture in Vietnam. All proceeds from the auction benefit the Angkor Hospital for Children in Cambodia.
 
The December 10 Friends Without a Border auction’s star-studded committee included Ali Larter, Anne Hathaway, Eva Longoria Parker and Molly Sims. The Angkor Children’s Hospital, which has provided care for over three-quarters of a million children since its founding in 1999, also reaches hundreds of thousands of children and their families in the country’s rural villages. It is the second-largest HIV/AIDS facility in Cambodia and is entirely dependent upon donations for its operational expenses.

The Galatea Mercy Pearl, a patented pearl that has been called the most significant development in pearl farming in 100 years, reveals dramatic flashes of its center gemstone bead through its hand-carved nacre or coating. This most recent crop of rare Mercy pearls was grown in the Pinctada maxima oyster at Galatea’s pearl farm, located in Vietnam’s growing southern coastal region. This first harvest shows pearls that are large in size —averaging between 9.5 and 14 millimeters — with lustrous white and creamy yellow nacre.

About Galatea: Jewelry by Artists: Chi Huynh is the founder and creative force behind Galatea of San Dimas, California. A painter, poet and humanitarian, Huynh founded the company in 1994. He learned the jewelry trade by apprenticing for his father, one of Vietnam’s most respected jewelers. Today, Galatea manufactures both in the U.S. and Vietnam and sells to approximately 1,500 retail jewelers throughout the United States. The company also has distribution in both Europe and Asia. For additional information about Galatea, the Galatea Mercy Pearl or Galatea Diamond in a Pearl collections, please visit the website at www.galateausa.com.

Friends Without A Border is a not-for-profit corporation under section 501(c)(3) of the U.S. Internal Revenue Code and supports Angkor Hospital for Children, a leading pediatric hospital providing medical care to children in Cambodia. On average, 400 children and their families arrive at the hospital daily. Since opening in 1999, AHC has provided over 690,000 pediatric treatments and has been recognized by the Ministry of Health as an official teaching hospital, having trained thousands of healthcare and nongovernmental organization (NGO) workers throughout Cambodia and beyond.

Rapaport News is not responsible for, and does not endorse, the content of any press release. Press releases are not written by us and are provided only as additional information for our clients.

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Tags: Collections, Jewelry, NGO, United States
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