Report from World Pearl Forum #2
Report from World Pearl Forum #2
Dear All,
Mr. Weijian Zhang of Grace Pearl China spoke on Chinese Freshwater Cultured Pearls. He said that at this time there is no government control on volume produced, which last year reached some 3,300,000 pounds of pearls, equivalent to approximately 2,000,000,000 pearls, which may be enough to put a strand around the world . This massive production has resulted in a 50% reduction in the unit price of Chinese FW pearls.
He also said that Chinese 20mm rounds will soon be coming on the market. Please take note of this. I have seen examples of the huge Chinese FW, perfect spheres, and the price was so low that I hesitate to quote it because I'm wondering if it was a mistake, since it was less than 1% of the price of the saltwater cultured pearls of equivalent size and difference of luster visible only to someone who looks at thousands of pearls a year .
But my advice is do not pay much for a cultured pearl, hold your money, and see what is on the market in a year.
For comparison, Justin Hunter of Fiji Pearls...which operates in a very "green" way and uses much indigenous labor... reports production of the beautiful multi-colored pearls from the 330 islands of Fiji totals 330 pounds, or roughly 1/1000th of the Chinese production. While the Tahitian production from all farms totals 24,000 pounds. Robert Wan of Tahiti, a real visionary and warm human being, said their production has been intentionally decreased 50%.
The problem for them is that China now has 40 different colors of pearls, and only an expert can possibly detect the difference; and even then I wonder what a blind testing would reveal, as when California and French wines are tasted by experts who do not know the source of the vintage. With the new Chinese ones I've seen, my guess is that most of the pearl experts would do at best slightly better than a coin flip.
In fact, I may organize such a test here in San Francisco. I'll get examples of the best from each source, get 5 or 10 experts, display the pearls so the judges have no idea of the source, and see what results. Then I'll report it to all of you. Any of you experts want to volunteer to come to San Francisco to test your skills against the unknown?
Afterwards, we will drink plenty of Sonoma County wine, since those of us with land in Sonoma County believe Napa Valley wines are best used in lawn mower motors. As you might expect, the Napa Valley vintners think our wines should be used in motor boat engines, diesel.
Regards,
Tom