As an ordinary person on the street looking to buy a strand of pearls, I'm for DISCLOSURE DISCLOSURE DISCLOSURE. I think there is room in this world for non-treated pearls, pre-treated pearls, post-treated pearls, well-treated pearls, badly-treated pearls etc., but the consumer should decide which ones he wants and what he wants to pay for them. But right now, I have no way of knowing whether a strand costing 30k ("excellent luster and sought-after white-with rose overtones") is good value (whether it will deteriorate because the luster/colour has been treated). And what I cannot value, I will not buy.
I reckon a continued lack of consensus on disclosure standards will damage the industry eventually because consumers like me will not buy what we have insufficient information/ understanding on.
The following from Jeremy's post caught my eye (Day 11 narrative):
"Michael talked a bit about pearl treatments, and how Paspaley was preparing to launch a campaign on treatment disclosures. GIA could now test for any and all treatments, and consumers should have a right to know. He intimated that anything coming out of Japan today had been subjected to treatments of some kind, and these pearls should not be as valuable as pearls completely in their natural luster state."
I think disclosures of treatments are the way to go, but to make the disclosure meaningful to the consumer, I think the industry participants need to define what does and does not constitute treatment in the first place (eg., polishing/ oiling/ drying etc).
And since I'm on that point, I don't really care as a consumer whether it is mineral oil or the oil on someone's forehead that is applied to the strand of pearls I buy, but I do want to know if the oil serves to protect the nacre or it will damage the pearls in the long run.