Although most readers of this blog recognise Paspaley as synonymous with South Sea pearls, the Paspaleys have their hands in loads of ventures from wine, to livestock, and even five-star, pearl-inspired hotels.
The Pinctada Cable Beach Resort in the Kimberley is the vision of pearl princess Marilynne Paspaley, who intends the establishment to be the first of several. The resort has only been in operation for a half year, but has already been honoured with two awards.
I’ve not yet sojourned in the pad so I hesitate to comment on the amenities, but with suites named Master Pearler and studios named Shinju Garden and Shinju Pool, the pad seems fit for pearlers staying in Broome.
What’s the point of this? Diversification. If their diversification pays well, pearl sales can slow, yet the organisation may continue to grow. But if the diversification fails, then the bigger they are, the harder . . .