Yeah sure. But you are thinking Australia only.
Lots of pearls bought from China where the economy is slowing down (that's why iron prices are down 30% this year)
Also the increase in price was imho not due that much to increase demand as lack of supply due to covid.
During covid pearl farms could not be tended and they died. Plus we had the japanese plight (https://www.pearl-guide.com/threads/japanese-akoya-mortality.456714/) in 2019.
Given pearls take about 4y to mature, that explains the increase in price in 2023-2024 due to lack of supply.
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Last
16.0¢ |
Change
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Mkt cap ! $70.24M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 16.0¢ | 16.0¢ | $1.818K | 11.36K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 38954 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 132 | 1 |
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| Last trade - 09.59am 24/06/2025 (20 minute delay) ? |
| ATP (ASX) Chart |