ATP - General Discussion, page-244

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Pedrogets

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30/04/24

17:56

Post #: 73590810
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Originally posted by Opulent21: ↑

Besides the attached image, there is nothing documented, only what we see and hear. The industry is not known for its transparency. And the company mentioned in the attached is not the only one in Myanmar making an effort to make white pearls. I also know that the biggest local producer by quantity in Indonesia has been moving to make more white pearls instead of the usual yellow/gold/cream pearls native to the region. Also, Chinese freshwater pearl producers are improving their techniques for producing nucleated freshwater pearls, and it is only a matter of time when that starts hitting the market in larger quantities of similar qualities to South Sea pearls.

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Interesting seeing white pearls from Myanmar! Naturally Pinctada maxima oysters from Myanmar would have have a higher % of yellow/gold colour oysters compared to say Broome with a higher % of white/silver. Indonesia lies in the middle, where there is a fairly even distribution of both yellow and white oysters hence Indonesia and Australia producing the vast majority of the worlds white pearls.

White pearls are easier to produce than gold pearls therefore Myanmar could well produce more volume in the future.

Regarding auction results, obviously demand has dropped if lots were withdrawn. China also has a 50% import tax on South Sea Pearls which is not helping.

ATP Price at posting: 10.5¢ Sentiment: None Disclosure: Held
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