FOCUS 焦点 PEARL REPORT | 14 | 2023-2024 South Sea pearl necklaces from Gellner’s Bold Collection for men Gellner的Bold男士系列南洋珠项链 The pearl industry is witnessing unprecedented growth across all pearl varieties as well as increased market appreciation for novelty in jewellery designs. Challenges notwithstanding, pearl companies remain bullish about business prospects as global demand for the treasured gem gains further traction.不论任何品种，珍珠行业正经历前所未 有的增长，而市场对新颖珠宝设计的认受程度也不断提升。尽管面临挑战，随着全球珍珠需求增加， 许多珍珠公司仍然看好行业前景。 Pearls are the darlings of today’s jewellery industry. Symbolising organic beauty, versatility and an illustrious past, they consistently take pride of place in the luxury sector as favoured centrepieces in high jewellery collections. Demand is also robust among a younger generation of buyers who value the pearl’s creative potential as well as men who increasingly wear the gem as a fashion statement. This exceptional demand is pushing prices up, with traders pointing to significant price adjustments for Japanese Akoya, South Sea and Tahitian pearls from preCovid levels. Supply constraints, owing to high demand coupled with oyster mortality and environmental challenges such as water temperature fluctuations, are also a concern, but several dealers and manufacturers remain confident that pearls currently in their inventory can keep the market afloat. Pearl business China is leading the demand upsurge for pearls while the US and Europe are also seeing solid market appetite, especially for premium-quality pearls. According to George Kakuda, chairman of the Japan Pearl Exporters Association (JPEA), strong demand from China is driving steep price increases that buyers from other countries are struggling to accommodate. Unit prices of Japanese Akoya pearls at auction have so far increased by more than 100 per cent to Y7,300 per | Bernardette Sto. Domingo 杜明高 | 珍珠行业倡导 业务和设计创新 Pearl sector champions business and design innovation
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