The Pearl Industry Returns to the Gulf
The Pearl Industry Returns to the Gulf
After developing a much less expensive technique of producing cultured pearls in the 1930s, Japan has dominated the pearl industry for decades. What was once a booming business in the Gulf, the pearl business lay dormant there since then. That was until now.
A pearl company, currently selling pearls to royalty, is attempting to revive the Gulf’s pearl industry. RAK Pearl Holding recognizes the marketability of the remarkably high-quality pearls found in the Gulf. It was quite rare to find natural pearls – only one in 100 oysters revealed pearls. Compare that to cultured pearls, which has an 80% success rate. RAK cultures approximately 40,000 pearls per year with each costing about 1,000 to 20,000 dirham, which is equal to $270 to $5,450. Individual costs depend upon size, shape, luster and color.
The pearl industry is again growing in the Gulf. Companies like RAK Pearl Holding are expanding quickly from pearl farming to manufacturing, designing and selling oyster meat. This particular company is searching for American collaborators.
American companies and investors are assured that the pearl industry in the Gulf is an eco-friendly one. Every part of the oyster is used and will continue to be so. From the pearl, to the meat, to the actual shells, the oyster is valued as the only living organism to produce an all-inclusive product.
Brooke Cainkar
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