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Stimulating investment in pearl farming in ... - World Fish Center

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<strong>Stimulat<strong>in</strong>g</strong> Investment <strong>in</strong> Pearl Farm<strong>in</strong>g<strong>in</strong> the Solomon IslandsPearl Farm<strong>in</strong>g Policy and Management Guidel<strong>in</strong>esG. L. Preston30 October 2008TABLE OF CONTENTS1. Executive summary......................................................................................................22. Background ..................................................................................................................43. Pearl farm<strong>in</strong>g <strong>in</strong> the Pacific Islands ...........................................................................53.1. Development history................................................................................................53.2. Farm<strong>in</strong>g operations ..................................................................................................73.3. Market<strong>in</strong>g.................................................................................................................94. Pearl farm<strong>in</strong>g <strong>in</strong> Solomon Islands ............................................................................104.1. Opportunities and prospects...................................................................................104.2. Legislation..............................................................................................................114.3. Policy .....................................................................................................................145. Environmental management of <strong>pearl</strong> farms............................................................155.1. Pearl oyster health..................................................................................................155.2. Stock<strong>in</strong>g density.....................................................................................................165.3. Farm size and location ...........................................................................................165.4. Movement of <strong>pearl</strong> shells.......................................................................................175.5. Hatchery operations ...............................................................................................185.6. Other environmental requirements ........................................................................195.7. Cultural sensitivity.................................................................................................206. Community and smallholder participation .............................................................206.1. General...................................................................................................................206.2. Lease payments and access royalties .....................................................................206.3. Sharehold<strong>in</strong>g or bus<strong>in</strong>ess participation ..................................................................216.4. Employment...........................................................................................................216.5. Spat and shell collection ........................................................................................226.6. Small-scale <strong>pearl</strong> farm<strong>in</strong>g ......................................................................................237. Investor <strong>in</strong>centives .....................................................................................................247.1. Duty and tax relief .................................................................................................247.2. Employment of seed<strong>in</strong>g technicians ......................................................................257.3. The <strong>World</strong>fish facility............................................................................................258. Future management arrangements for <strong>pearl</strong> farm<strong>in</strong>g ...........................................259. Bibliography ...............................................................................................................26

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