Topearl.com research report - Oversupply worries Chinese pearl
jewelry industry
Released
on: October 6, 2008, 7:30 am
Press
Release Author: Topearl
Jewelry Inc.
Industry:
Apparel
& Fashion
Press
Release Summary: "Most of the displayed pearls are from oversea
producer." Said Mark Wu from www.topearl.com, "China
leads the world in production of saltwater akoya pearls, freshwater
pearls also account for 90 percent of the world’s output.
But we had very few qualified entries."
Press
Release Body: International Pearl Exposition and Auction
has recently been held in Guangzhou, China. Merchants and bidders,
both at home and abroad, were deeply impressed by the rare and
valuable pearl jewelry from
all over the world. However, it’s hard to find the well-known
domestic Zhejiang freshwater pearls among the glittering jewels.
With
the fame as the "No. 1 global bidding", International
Pearl Exposition and Auction is held two or three times every
year. This year, we had the honor to hold the exposition and auction
in Guangzhou. It should have been a very good opportunity for
the local sellers to display their pearls without traveling abroad.
Nevertheless, some 40 local buyers came just to bid with those
of the same trade.
"Most
of the displayed pearls are from oversea producer." Said
Mark Wu from Topearl Jewlery Inc. (http://www.topearl.com/),
"China leads the world in production of saltwater akoya pearls,
freshwater pearls also account
for 90 percent of the world’s output. But we had very few qualified
entries." This is nothing new but a reflection of the current
situation of the international pearl market. Since medium and
low grade pearls are in the majority in China, we only hold 10
percent of trading volume in the world’s pearl market. Each year,
China mainly exported low-valued un-finished pearl beads and strands,
not high added-value pearl jewelry such as pearl
necklace, bracelet and pearl earrings etc. The absence of
Zhejiang Pearls simply reflected our embarrassment among the general
Chinese pearl industry.
How
to upgrade Chinese Pearls including Zhejiang Pearls becomes our
main concern. China has good weather and temperature for the pearl
cultivation. Based on these good natural conditions, our pearls
have good quality themselves. Therefore, low added value is the
root of the problem. Compared with the international technology,
we still have a long way to go in pearl processing and treatment,
such as bleaching, polishing and design.
Although
we fall a little behind, we see a very good chance to increase
the value of our pearls. Union of Asian Jewelry has already been
founded in Guangzhou. And from now on, the International Pearl
Exposition and Auction will be held in Guangzhou every year. Jiangsu
and Zhejiang, China’s bases of freshwater pearls and pearl
jewelry, will have own platform for pearl exhibits.
About
Topearl Jewelry Inc. Topearl Jewelry Inc. (http://www.topearl.com/)
specializes on wholesale Chinese freshwater and akoya pearls.
Besides unfinished pearl beads & strands, Topearl.com also design
and make high-valued pearl jewelry such as pearl necklaces, bracelets,
earrings, pendants and rings. Topearl.com combines cultured pearls
with gemstone stone, coral, turquoise, sterling silver to make
high quality pearl jewelry series, see at http://www.topearl.com/images-real-wear-c-20_171.html.
Mark Wu, pearl expert of freshwater pearls and akoya pearls, is
the owner of Topearl Jewelry Inc. and Topearl.com.
Web
Site: http://www.topearl.com/
Contact
Details: Topearl Jewelry Inc.
Address: Liwan Plaza, Guangzhou City 510140, China
Phone: +86.20.8600 5533
Email: info@topearl.com
Website: http://www.topearl.com/
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