My issue with the "pearl prices will fall off a cliff" theory is that it's based only on demand from China (apparently) suddenly dying, when:
A) it doesn't take into account the pearl shortage due to issues with Akoya pearl production disease & other aquaculture issues in Japan, which by all accounts will take years to correct, and B) it groups 'all of China' into the same bracket, when we see time & time again that if anything wealthy people are getting wealthier and luxury companies/stocks like LVMH continue to climb in price & make more money.
Same deal as what's going on here in Australia, everyone says 'the economy is slowing down & cost of living is biting', but the wealthy/cashed up people are actually doing better than ever. There's very much a two-speed economy at play in many of the countries with wealth around the world.
ATP Price at posting:
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