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Demand for quality, commercial-grade pearls on the rise, says JPEA
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By Bernardette Sto. Domingo •
December 30, 2019
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Japanese pearl exporters are seeing strong interest in commercial-grade pearls, particularly from China.
JPEA Chairman Yoshihiro Shimizu
The Japan Pearl Exporters' Association (JPEA) said demand for commercial-grade pearls remains stable, particularly from the Chinese market, amid global economic challenges.
Customers however continue to spend cautiously, JPEA Chairman Yoshihiro Shimizu said in an interview.
“A lot of factors are dampening the mood of Chinese buyers. They continue to buy pearls but in smaller quantities,” noted Shimizu. “They used to purchase a huge range of products – from top to bottom. Now, commercial-range products move the fastest.”
Some customers still invest in high-quality pearls, added the JPEA official, citing robust buying activity for either price-point items or top-grade expensive pearls.
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