I went to the opening of the "Maison de la Perle" last Friday in Papeete. It's a stone's throw from my office in town. It was funny because of the 500 pearl farmers invited, about ten of us showed up. There were plenty of pearl dealers and other industry peeps though. They were straight into the free champagne. I was sitting with a friend who is going through bankruptcy and though we had a good time, we drank beer.
Our take on the massive quantity exported was that it was from the lifting of the tax. All the big local dealers sent mass amounts to HK and other over seas offices. My feeling is that it was junk that made up the majority.
Cathy, the Service de la Perliculture has been responsible for scanning the pearls up 'til now but now it has morphed into the Maison de la Perle that will eventually (hopefully in the next 6 months) scan everything, sort everything into A, B, C, D and (drum roll please...) put a price on it too. The idea is that the price will determine the minimum it can be sold for and there will be penalties for selling at under that price. My farmer colleagues and I are optimistic for the most part and the pearl dealers are unanimously against it. One thing is sure and that is that a serious and structured change must happen.