| Cheap China pearls no threat to Aussie industry
Just saw this comment from Bill Reed of Linney's in Broome.
Friday, 26/09/2008
The price of China's freshwater pearls has plummeted by 90 per cent over the last five years.
Due to the production glut, for the price of one Australian pearl you could buy a whole Chinese necklace.
Veteran of the pearl industry Bill Reed says they don't compete directly with Australia's oyster grown pearls because they're a lower quality.
"They have a small impact on the Australian market" he says.
"I must confess they look okay but they wear out so quickly." |