Vietnam?s cultivated pearls
Vietnam?s cultivated pearls
Vietnam?s cultivated pearls promising good income
With a long history of more than 100 years searching for natural pearls from see beds and recent pearl cultivation and export, Vietnam has a firm position on the map of world pearl producers.
One company tapping the potential of Vietnam ?s 3,200km coastline of high-quality natural pearls is Japanese-owned company Taiheiyo Shinju Vietnam Co. Ltd. Established in 2000 and with a current capital investment of 2 million USD, the company?s products ? known under the trademark of Spica - have earned firm status in tough markets like the US , Japan and the European Union.
The company has been successful in cultivating high-quality pearls by breeding two oyster species in a farm in Van Don island, Bai Tu Long gulf in northern Quang Ninh province.
Taiheiyou Sinju Vietnam is the sole pearl producer to have received the Vietnam Gold Star award which is aimed at honouring premier products and brands.
In 2007, the company exported 400kg of pearls, fetching around 16 billion VND. For 2008, it has set a target of exporting 500 kg of pearls, worth around 20 billion VND.
In addition to breeding oysters for pearls, the company has also been active in producing jewellery. It is currently opening its business to the domestic market, to provide more options for local customers who previously have used low quality, imported pearls.
According to Director of Taheiyo Shinju Vietnam Nguyen Thanh Trung, the company has not yet met the huge demand of the domestic market. He said his company plans to open an international pearl transaction floor in Vietnam , which will also create more jobs for local workers.
Since the 1990s, Japanese experts have come to Vietnam to work with the Ministry of Fisheries in raising oysters for pearl cultivation
http://english.vietnamnet.vn/biz/2008/05/780998/