Category: Middle East

Latest World Art News from Middle East

Rough Diamond Financing – Sarine and DELGATTO Sign Strategic Cooperation Agreement

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Until now assessing rough diamonds was an inaccurate subjective process, at best. This, along  with the difficulty in providing unique identification means, reduced their attractiveness as collateral.  The DDFF and Sarine’s groundbreaking cooperation utilizes Sarine’s various proven industry leading technologies, including the Galaxy® and DiaExpert® platforms along with the Advisor® and  related software processes, to accurately, objectively and rapidly evaluate rough diamonds, as well  as uniquely tagging them, with the result being the ability to reliably ascertain the optimally produced  polished diamonds’ potential value, and hence confidently provide financing. The DDFF will apply  Sarine’s technologies to evaluate if the rough diamond is eligible for the requested financing, and  at what level. 

Sarine signs an MOU to acquire a majority stake in New York’s Gem Certification & Assurance Lab (GCAL)

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Hod Hasharon (Israel), 11 January 2023 – Singapore Exchange Mainboard listed Sarine Technologies Ltd (“Sarine” and along with its subsidiaries “the Group”) (U77:SI; SARN.TA), a worldwide leader in the development, manufacturing, marketing and sale of precision technology  products for the evaluation, planning, processing, measurement, grading and trading of diamonds  and gems, is pleased to announce the signing of a non-binding MOU to purchase, subject to the  usual due diligence reviews and to reaching and executing a definitive agreement, a majority share  of GCAL against an all cash consideration.

The Gem Certification & Assurance Lab, Inc. GCAL is a highly respected gemological laboratory  founded in 2001 by Mr. Don Palmieri, a veteran of over 50 years in the diamond industry, and his  wife, Pamela. Today, it operates as a family-owned business in New York City, on the city’s famous  Diamond Way, at the corner of Fifth Avenue and 47th Street, with son Angelo in the role of Chief  Operations Officer (COO). GCAL provides services for the grading and certification of natural and  lab-grown diamonds, coloured diamonds, coloured gemstones, pearls and precious metals.

What does World’s Best AI ‘ChatGPT’ think about Top Art, Antiques, and Collectibles? We Asked!

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The World Art News asked the World’s Leading Artificial Intelligence system ‘ChatGPT’ to write an article about top art, antiques, and collectibles. In less than a minute we received a shockingly good art story written entirely by a machine! We did not edit a single word or punctuation. This is what the AI wrote:

“Art as an investment has been a popular choice for centuries, with many investors purchasing pieces by well-known artists with the hope of selling them at a higher price in the future. The art market has seen some significant booms in recent years, with the value of certain artists and pieces skyrocketing. However, it’s important to note that the art market can be highly speculative and illiquid, and values can fluctuate greatly. The art market’s value is also often driven by the market sentiments, trends, and the demand for certain artists.”

Is Art Financing Terrorism?

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Art and terrorism seem to be worlds apart, however what most people perceive as heritage and culture – criminal organizations see as cold hard cash. Cash that is hard to trace and very easy to move undetected through any borders of any country.

First crucial point to understand is that when we are talking about art, we do not mean your local flea market ‘stuff’. Nor do we limit ourselves to just paintings. We are talking about high-end ‘movable cultural property’ consisting of art, antiques, and collectibles … very expensive art, antiques, and collectibles. Items that by far exceed a $100,000 dollars benchmark.

Second point to understand – there are lots of them, everywhere, in every country, city, and town. In fact there will never be a shortage of them. With the latest modern art hype the market literally became a factory. These modern creations are breaking multimillion dollar records at top auctions around the world.

Mexican Artist Said Dokins and UAE Master-Calligrapher Khalid Al Jallafis Display their Calligraphic Art at Guadalajara International Book Fair 2022

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This year, Guadalajara International Book Fair, the most outstanding meeting of the Spanish-language world, invited the UAE city of Sharjah as a guest of honor. It is the third largest of the seven Emirates and is considered to be the cultural capital of the Arab world by UNESCO.

For nine days, Sharjah Pavilion showcased the Arab culture and literature to Mexico through poetry and literature. There were many productive meetings as well as a variety of artistic and cultural events where writers, editors, researchers, artists, and spokespersons of Arab culture exchanges ideas, laying the foundations to better the relations between Mexico and the United Arab Emirates.  

“There is No Excuse for Violence” Art Exhibition in Turkey | Exclusive Photos

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The first of our ‘Silent Screams’ painting exhibitions, with which we set out with nearly 40 painters and our slogan ‘There is No Excuse for Violence’ was held on November 1, 2022. During this event Prof. Dr. Mansur Beyazyürek’s held a conference on violence and art. Our aim is to stand in against psychological and physical violence against women, men, animals, young people, old people, doctors, health workers, teachers, lawyers, judges, police, and all living beings.

Our second exhibition will be opening on 11.11.2022 in BOF HOTELS BUSINESS, Istanbul, Umraniye, Turkey. It will be held until 19.11.2022. A percentage of the revenues from our exhibition will be donated by the artists to the victims of violence and those in need.

The Most Expensive Gold Antique in the World – $35 Million Persian Necklace

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This stunning necklace is considered to be one of the rarest privately owned gold artifacts in the World!

Known as ‘The Star Crescent Necklace’ it is actually an ancient jewellery set that archeologists call ‘Parthian-Sarmatian Royal Gold Necklace and Amulet’.

This necklace is believed to have been first created in Parthia, an ancient Persian empire that existed from 247 BC to 224 AD, but eventually came into possession of the Sarmatians, the legendary nomadic Indo-Iranian warriors that spread throughout the Eurasian Steppe.

Now, in our exclusive art investigation, we’re going to unveil all the fascinating secrets about this Royal artifact!

NFTs Exhibited at WOW Festival in Dubai Sold to Major Digital Art Collectors 

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PRESS RELEASE | DUBAI, 17 MARCH 2022 – Digital Gallery at WOW Summit Dubai Witnesses Major NFT Sale on the First Day of the Exhibition.

WOW summit commenced on the 13th of March with three full days of blockchain, metaverse industry news. The ‘Alternative Reality’ exhibition was curated by Daria Lomova, an art advisor and historian.

One of the main aims of the WOW summit was to raise public knowledge and awareness of the sweeping world of blockchain, crypto, AI, NFTs and beyond. That is why it was important for Lomova to curate an exhibition that people could relate to, while learning about the different digital art forms. 

Reb Nachman’s Second Chair – Hasidic Holy Relic Worth $10 Million

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Reb Nachman’s Second Chair

The World Art News presents one of the Holiest Jewish Relics that is known to exist in a private collection – the Second Chair of Rebbe Nachman of Breslov (1772 – 1810).

With the Star of David in the front, a hypnotic Jewish Rabbi in the center, and a Yiddish inscription of Reb Nachman’s name on the back, this chair is stunning in its craftsmanship and Judaic beauty. The aura of history radiates from this rare artifact.

Reb Nachman remains among the most quoted Hasidic masters and to this day tens of thousands of Jews from all over the world travel to his burial site as part of their annual pilgrimage.

NFT AUCTION: RtistiQ Set To Launch Digital NFTs of Raja Ravi Varma’s ‘The Coquette’ and ‘Reclining Nair Lady’

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Press Release | SINGAPORE, 08 FEBRUARY 2022 – To start off the new year, RtistiQ will present the Digital NFT versions of Raja Ravi Varma’s (RRV) works ‘The Coquette’ and ‘Reclining Nair Lady’, two of his most famous paintings. With the originals considered to be National Treasures and unable to be brought out of India, the NFT versions will be auctioned online on the RtistiQ platform from 17 February to 20 February 2022.

This collection will be single editions of works of the Indian Art Legend to be tokenized and minted and this also marks the first NFT sales in collaboration with a traditional gallery and an artist foundation.

Original Artworks valued at USD 2.5M

Lithographs valued at USD 1K