Are pearl prices on the rise?

[heartofawareness]

I was speaking with a vendor looking to buy some South Sea Pearls and she told me that

"pearl prices have risen by about 50% or more recently due to the drop in cultivation. As of 2023, high-quality pearls are predicted to rise in price and will continue in the near future"

Is this true?

Thank you!

Monica

 

[Pearl Dreams]

Certainly akoya prices are on the rise. I imagine SSP also if the cultivation is decreased.

There is another discussion about this, with link to an article you may like to read:

In the News: Japanese Akoya Pearl Prices Have Skyrocketed 80% (2023)

Jennifer Heebner of the CPAA and AGTA wrote this very interesting article about the HIGH DEMAND for Akoya Pearls, leading to an 60-80% PRICE HIKE! I personally met with Joshua & x Nick Israeliff during the Tucson Gem Show and they explained that the high demand from China has helped increase...

www.pearl-guide.com

 

[heartofawareness]

Certainly akoya prices are on the rise. I imagine SSP also if the cultivation is decreased.

There is another discussion about this, with link to an article you may like to read:

In the News: Japanese Akoya Pearl Prices Have Skyrocketed 80% (2023)

Jennifer Heebner of the CPAA and AGTA wrote this very interesting article about the HIGH DEMAND for Akoya Pearls, leading to an 60-80% PRICE HIKE! I personally met with Joshua & x Nick Israeliff during the Tucson Gem Show and they explained that the high demand from China has helped increase...

www.pearl-guide.com

Thank you @Pearl Dreams. Wow..shocking! I better get my orders in. I'm glad I found this forum.

Monica

 

[ccc123]

It seems SSP prices have risen dramatically since this thread was started. The only listed pearl producer in the world, Atlas Pearls, just reported that they collected over $100 per loose pearl over the last 6 months via auction, up from ~$30-50 for the preceding 6 month period.

Has anyone noticed a dramatic increase in SSP prices as of late? Does anyone have any insight into the driver of dramatic price rise. Some theories include: (1) China cracking down on freshwater farming practices due to environmental concerns, and (2) change in cyclical fashion trends, particularly in China. I'm not an insider and I have scoured the internet for an answer, but there just doesn't seem to be a coherent explanation.

What I would really like to know is: (1) what is driving the current dramatic price rise, and (2) how long will this elevated price likely last for.