Editor’s Note
This article examines the dramatic surge in pearl origin prices, which have more than doubled since 2019. The analysis explores the complex interplay of factors—from climate-related shellfish mortality to shifting consumer demand—driving this significant market shift.
Pearl origin prices are soaring. In fiscal year 2022, they exceeded double the price of fiscal year 2019, before the full impact of the COVID-19 pandemic. While mass mortality of shellfish used in cultivation is one factor, Japanese cultured pearls, known for their verified origin and high quality, are experiencing a global boom, partly due to the weak yen. Driven by interest in the SDGs (Sustainable Development Goals), a trend of seeking ethical validity is spreading to gemstones as well.
In March of this year, a large-scale pearl trade fair was held in Kobe City. The venue was crowded with buyers from mainland China…
