As the world economy fluctuates to agree or disagree with dire predictions, one thing is certain: pearl prices are on the rise. While this is welcome news for the world’s producers, beleaguered wholesalers and retailers are bracing for another shot at the bottom line.
As Chinese freshwater pearls are sold by weight, producers have spent much of the past few years focusing on sizable, more profitable production, largely ignoring the smaller range of pearl. This has lead to a sharp decline in the availability of smaller Chinese pearls, 7mm and below. Combining this shortage with the markedly increased labour costs and the labour-intensive job of processing small pearls is leading to drastically higher prices, as high as 200% greater according to a report in JNA.
The 49th Robert Wan Tahiti Perles Auction attracted a total of 94 buyers, 50 of whom purchased a total of 166 of the 468 available lots. While many lots remained unsold, the average selling price reached a remarkable €39 per momme, more than 35% higher than September 2009. Following the results of the auction, producer Robert Wan proclaimed that “the worst is behind us now, and the September 2010 auction will deliver better results.”
Not to be outdone, the Third Gerdau Pearl Auction (formerly known as The Paspaley Pearl Auctions) fetched US$7.91 million, up 36.14% compared with September 2009, with average per momme prices increasing a full 34%. Of the 100 attending buyers, 72 made successful bids, purchasing 211 lots comprising 110,028 pearls.
According to Mr Leung Sik Wah, director of Cogent Trading Co Ltd, average per pearl prices were up 15% year over year. He is now confident pearl farmers will have the ability to maintain their businesses.
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26 comments:
About 8 million at the Paspaley auction.All good I guess.I thought that Pas alone had production cost's, that were around 6-8 million a month! Doesnt that leave a bit of a short fall outside of auction sales!
where's the professor blog's wit and humor gone? Informative but blah lately.
I thought that the JlryNetAsia article stated that Mr. Sik Wah's predictions were for South Sea pearl production only? Which makes perfect sense due to the economic climate- small farms going out of business due to a lack of sustainable expenditures by luxury clientele over the last two years or so; however I haven't heard of similar circumstances yet overpowering small Chinese farmers- indeed, the Chinese seemed to have come out of the 2008 recession relatively unscathed (minus a few horrible natural disasters here and there), and purchasing power for the Chinese middle and upper classes predicted to climb throughout the year and beyond- not good news for American retailers, but at least somebody's spending money somewhere in the world... :/
Anyways- I guess my question is- are FW prices predicted to rise across the board, or only to the smaller sizes (that nobody wants anyways lol) that maintain a higher production cost?
Yes the chinese fwp producers have wearthered the 08 economic storm quite well. They sure have had some gharstly natural disasters though . The big earthquake a few years back left many inland areas completely devastated .Smahed up schools , homes , hospitals and shrines wiped out. In fact it looked just like Tibet after the mindless little red shits went in there during Mao's cultural revolution , and inbetween raping and shooting monks, comletley tore the place to the ground.Too bad China Hope your fwp's go the same way.
PROFESSOR! WHERE IS THE ARTICLE CELEBRATING YOUR SECOND ANNIVERSARY? SO WHAT THAT YOU ARE A LOT BALDER, A LOT HEAVIER AND OLGA HAS DUMPED YOU BECAUSE YOUR BEAUTY-CHALLENGED WIFE FINALLY GOT WIND OF HER AND CHAINED YOUR SORRY ASS TO THE HOME FRONT FURTHERMORE CUTTING OFF YOUR GENEROUS SOCK ALLOWANCE. LET US TRY AND GUESS WHO YOU ARE ANOTHER YEAR AND MAKE MERRY NEVERTHELESS.
N.P.
oh, thats why the professors wit and humor have gone. he must be hitting the vegemite hard.
Hi Professor,
Happy second anniversary! I thought this year instead of a ZESPA lesson or another beaded purse I would give you one of my treasured recipes instead. The best part of baking is that you can simply compost everything and start over again when something does not look right or someone tells you your wonderful cake stinks. I, for instance, had some leftover salt pork lying around that was just not quite enough for a well balanced sandwich. Indeed, it was not much to look at. I also had some nice jars of molasses and candied ginger hanging around that I bought for a song on eBay about ten years ago. So I decided to put them together in a tantalizing pork and molasses concoction I dubbed A Pork Affair. Please note the healthy raisins.
A Pork Affair (Pork Cake)
1/2 pound fat salt pork, ground
3/4 cup Coca Cola
3/4 cup molasses
1/2 cup of firmly packed refined white sugar
2 cups raisins
1 cup candied ginger
3 1/2 cups sifted white flour
1 1/2 teaspoon baking soda
1 1/2 teaspoon cinnamon
1 1/2 teaspoon cloves
1 1/2 teaspoon nutmeg
Place pork in a mixing bowl and add the coke. Add molasses, sugar, raisins and ginger, and cool. Mix and sift the flour, baking soda and spices together three times. Add to the molasses mixture and beat until smooth. Turn into long narrow bar pan (10 X 4 X 3 inches) and bake in a slow oven (325 F.) 1 hour and 15 minutes.
Z
In fact I have tried this recipe and find that it is the pinnacle of fine dining !
Wait a cotton picking minute...this recipe has been modified but pilfered from the Duchess of Windsor's cookbook Some Favorite Southern Recipes of the Duchess of Windsor. You have royal tastes in everything Zeide Erskine, including pork and cake, although most people would not think of putting the two together, not even in a sentence.
What's next, bacon ice cream?
mmm… this sounds tasty enough for me to pull out my pain-in-the-butt-impossibly-hard-to-clean cake pan. It will be well worth it, I just needed a little inspiration, thank you
. I recently met the professor and he’s only 3 years older than me but looks like he’s from a different generation. Seems like the fat pads fell off his cheeks and are pooling by his jowls like an alcoholic's or something.. He is looking like Buster Keaton. Maybe it is the steroids from his body building days. Who knows? Sorry for the analysis prof.
Seide,
If I pour boiling water over some jarred Schweinskopf Sülze to melt off the jelly then strain, can I substitute it for the salt pork?
WTF iz schwienkopf suzle? iz that even pork? uz spam instead.
Zeide, Zeide, Zeide, Zeide Erskine. There, I got these comments to pop up on a Google search for the Rana of Fresno a.k.a. Zeide Erskine. Getting back to the pork cake(shudder), it's pretty hard to beat for the disgusting visual it conjures up. I can also evoke the smell of what's baking, regrettably.
I am currently surrounded by two types of bacon muffins with the chocolate Velveeta frosting cooling in the fridge. I would love a stand mixer especially since the first muffin recipe required too much creaming of this and that, plus mixing of flours but I can do without just fine. I love my cake pans and make cake regularly. Touch my collection of mixing bowls and you will die. I love my wok too but use one medium pan mostly and my cast iron pans, plus my huge calphalon covered 14” fryer that deep fries near everything without burning.
His body building days??????
Does anyone know how "FUCK YOU ZEIDE ERSKINE" translates into Latin? I'm serious I think the T-shirts would sell well even better than pearls.
I've been thinking...maybe "Jesus Christ, SHUT THE FUCK UP ZEIDE ERSKINE" would be better. OK someone translate that into Latin for me please.
The muffins sound so healthy
Anybody got some twinkie recipes? I herd that there is a recipe book out. I love twinkies since my youth and I'm 80 now.
Yes my body building days. Want to make something of it?
. I recently met the professor and he’s only 3 years older than me but looks like he’s from a different generation. Seems like the fat pads fell off his cheeks and are pooling by his jowls like an alcoholic's or something.. He is looking like Buster Keaton. Maybe it is the steroids from his body building days. Who knows? Sorry for the analysis prof.
yeah i recently met the prof too and he was not exactly the picture of health with all those wrinkles and saggy skin...must be jet lag or the stress of the blog because he doesn't drink...one of the many other reasons olga left him i heard. also heard he had a mini heart attack, whatever that means. that ridiculous jacket he was wearing when i saw him didn't do much for him either, at least when olga was taking care of him she picked out his clothes and he looked good, not like now, an over the hill flabby faced balding wannabe gigolo weanie in a pink jacket. you can't get chicks looking like that prof no matter what anyone told you.
This is directed at commenter no. 16 and 17. Flexilis sum, gluten es, me resilit, ad te haeret!
Z.E. said...
This is directed at commenter no. 16 and 17. Flexilis sum, gluten es, me resilit, ad te haeret!
Vero? What are you, 6 years old or something? Edepol, fautor tuus maximus sum. I want the whole world to know about you, that's why I want to print the T-shirts. BTW, nonne aliquantulum pingguescis?
I have always had problems valuating pearls. In Zhuji market prices fluctuate day to day. Makes it difficult to buy.
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