The Dubai Multi Commodities Centre + Arrow Pearls of Australia would be culturing Akoya pearls in the region (United Arab Emirates) + the pilot project of 100000 oysters would be harvested early in 2009 + the concept is to produce a branded ‘Dubai’ line of cultured pearls, 8-9 mm size + marketed
via local jewelers.
Cultured pearl industry is a highly fragmented industry. In my view, the cultured pearl industry may go through boom and busts in the coming years due to proliferation of producers around the world + the unpredictability of nature.
I also believe the popularity of pearls in the traditional and emerging consumer populations are growing due to improvement in quality, innovative jewelry designers + creative retailers.
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