Articles regarding the pearls market, page-2

As a very large part of Atlas results has been coming from pricing, it is probably key to assess the trend for future pearl prices.
As indicated in @ResGloStocks article, Tahitian pearls* are now at 15 year record price, so it could be tempting to conclude that Atlas Pearls valuation is very low because the market considers that these pearl prices are not sustainable.

However, I am not sure that pearl prices are going to decrease significantly.
As production may not increase much, despite higher prices.
Pearl production has been decreasing on a regular basis in Japan and China.
In Japan, the production volume of pearls through marine aquaculture was very stable between 2012 and 2018 (between 20 and 21 t) and had a strong (and regular) decrease since 2019** to reach 13 t in 2021.
In China, the production of fresh water pearls has decreased every year from 1.2 m kg in 2019 to 0.7 m kg in 2022 (only due to covid restrictions ?).
The story is also similar regarding Tahitian pearls, with a flat surface exploited between 2010 and 2019, as indicated in the chart below.




According to what I read so far, this trend for global production of pearls is due both to production quotas and issues with the quality of production.


* Atlas is selling south sea pearls, but there is probably a connection between the prices of these 2 kinds of pearls.
** large decrease of production in Japan in 2019 was due to the mass death of Akoya oysters at pearl farms.