Analysis of the Pearl Market Demand in India, Japan, the United States and China

Reading: China is a big country in the pearl industry. The world’s freshwater pearls are mainly produced in the middle and lower reaches of the Yangtze River and the rivers and lakes of the Huaihe River Basin. Seawater pearls are mainly produced in China, Japan, and French Polynesia, followed by Australia, Indonesia, the Philippines, Myanmar, Thailand, Polynesia, and some South American countries. Production, China and Japan produce an annual output of seawater pearls accounting for more than 95% of the world's total output of seawater pearls. The following is the demand situation of the Pearl Market in the four countries.

United States

The United States is the world’s largest consumer market for pearls. Japan exports 50% of its annual pearl production to the United States. Sales of pearl jewellery are also increasing in the United States. During the eight years from 1978 to 1985, sales increased from 48 million U.S. dollars to 785 million U.S. dollars. In the U.S. market, not only high-grade pearls are popular, but middle- and low-grade pearls are also sold well. High-grade pearls and large-sized irregular beads with prices of more than 1,800 U.S. dollars per kilogram are highly sought after due to low output and large demand. The large number of beads per kilogram of US$1,300 or less can be freely matched with various types of precious stones because of its low price, and the styles are continuously updated, and are welcomed by the majority of middle and lower consumers.

In recent years, due to the reduction in the number of pearls exported to the United States by Japan, the demand for the US market has been depleted. For example, the United States needs a large number of pearls that are of a common quality and cheap price, while Japan’s labor is expensive and its domestic supply is insufficient, and it cannot be fully satisfied, thus providing an opportunity for the development of the Chinese pearl industry.

India

The preference of Indians for pearls was more than thousands of years ago. The shallow waters of the Indian Ocean in southern India are the origin of high-quality pearls. The Indians knew pearls as early as 4,000 years ago. Regardless of the classics of Buddhism or the ancient Hindu culture, pearl records can be found everywhere. Ancient India’s “The Book of Chinese Sutras” and “Amitabha Sutra” have recorded that pearls are one of the seven treasures of Buddhism. Today, although most of the ancient Indian pearls are hard to find, we can still find their past glory from some traces of their legacy. In the city of Baroda, India, there is still a pearl bracelet with 100 rows of pearls that can be said to be worthless.

Europe

The arrival of the Western European Pearl era was after the fifteenth century. After 1530, many European countries began the pearl legislation, which stipulated that people must wear pearls according to social status and status. As a result, pearls began to be the symbol of noble men and women showing off their wealth and status, just like other precious stones.

In the history of Europe, there was a period known as the "Pearl Age." In the Crusades, the Europeans brought back a large number of pearls from the East, and began an upsurge of pearls in Europe. In the following centuries, they were used as personal accessories by nobles and samurai. Later, pearls became a royal treasure. After 1530, many countries in Europe began to legislate for pearls, stipulating that people must register pearls according to their social status and status. In 1612, the British Royal Family Legislation specified that: In addition to the king's exterior, the general nobility, experts, scholars, doctors and his wife must not wear pearls. The Queen Elizabeth I also loved pearls very much. Her clothes and headwear are often adorned with pearls, and the upper class is effective. Members of the royal family, noble ladies and other high society do not use pearls as decorations to show off themselves, so that pearl prices soared at the time. . With the development of history, pearls are even more loved and cherished by people.

Japan

At the beginning of the 20th century, whether it was Yukimoto Mikimoto, or Nishikawa Fujikichi, Fujita Masayoshi, the research results of Japanese scientists’ artificial pearls all obtained patent rights. By 1935, there were 222 Japanese pearl aquaculture companies, producing 7.749 million pearls each year. By 1955, pearl production reached 2,4532.5kg. By 1966, Japan's pearl aquaculture enterprises had grown to more than 7,000, with an annual output of 104 tons of pearls. In 1969, it produced 111.3 tons of pearls. Later, due to the pollution of water quality in Penghu Lake and other social factors, the output of Japanese pearls decreased year by year, and the production site was transferred to Xiapu Lake. It was 35 tons by 1980. Since then, the annual output of Japanese pearls has remained around 30 tons. In the 20 years after the end of the Second World War, the Japanese pearl's income was 2 billion U.S. dollars, which made an important contribution to the reconstruction of the Japanese economy after the Pearl War.

In the 1960s, Japan's pearl industry entered its heyday, with the highest annual output exceeding 100 tons. However, in the 1970s, due to factors such as serious pollution of sea water, lake water quality, earthquakes, and high culture density, the quality and output of Japanese pearls dropped sharply, and the pearl aquaculture industry entered a low point. Since then, it has been in jeopardy. By the end of the 1970s, the Japanese pearl kingdom The status has been lost.

China

China is a big country in the pearl industry. The world’s freshwater pearls are mainly produced in the middle and lower reaches of the Yangtze River and the rivers and lakes of the Huaihe River Basin. Seawater pearls are mainly produced in China, Japan, and French Polynesia, followed by Australia, Indonesia, the Philippines, Myanmar, Thailand, Polynesia, and some South American countries. Production, China and Japan produce an annual output of seawater pearls accounting for more than 95% of the world's total output of seawater pearls. The pearl industry has become an industry with geographical advantages. In order to promote the solution to the "three rural issues," expand the country's export earnings, and effectively promote the development of local characteristics of the economy has played a greater role in promoting. The pearl industry is a special product of China's agriculture. At present, the main producing areas of freshwater pearls in the country are mainly concentrated in Jiangxi, Anhui, Hunan, Hubei, Zhejiang, and Jiangsu, and seawater pearls are mainly concentrated in Guangdong, Guangxi, and Hainan. There are more than 1 million people involved in the pearl industry chain, including original beads, pearl accessories, rough-processed products and deep-processed products, and sales.

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