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

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partnership with the identified commercial partner, who would be primarily responsiblefor raising investment capital and taking over project management. It may be appropriateto also seek other partners in the venture, especially in regard to the black-lip farmingcomponent, and in order to have the involvement of local business interests. This mixedprivate-public approach would overcome the existing barriers to investment that havebeen identified by this programme.7 ConclusionOverall, after considerable research, information gathering and consultation within theindustry and legislators, the conclusions of our project are that there are few naturalbarriers to successful pearl farming in Solomon Islands. It is clear that pearl farmingneeds to be introduced with great care to ensure that the best investors are attracted andthat conditions are set up to ensure that they are free to produce high quality product.Two areas at present remain barriers to investment. These revolve around the paradoxthat a large investment is required under the current state of the pearl farming industry tocreate a profitable enterprise, yet that this is a new enterprise for Solomon Islands thatwould be best carried out slowly.The best prospects for establishing pearl farming are if a small amount of newcommercially targeted research is undertaken to address uncertainties as to the ability toproduce high quality white pearls in good numbers, as well as a variety of colours ofblack pearl, and for sufficiently strong financial incentives to be put in place by SolomonIslands Government and their international aid partners to attract long term investment.A pilot project suitable for financing by an aid donor or development partner in SolomonIslands, and in conjunction with a commercial partner, is recommended to address theseuncertainties.Provided that findings are positive, the trial project should scale up to full commercialoperation after 2-3 years. The identified commercial partner, would be primarilyresponsible for raising investment capital and taking over project management. Thismixed private-public approach would overcome the existing barriers to investment thathave been identified by this programme.How the industry is developed and the arrangements made for use of custom waters andinvolvement of local communities in the various stages of the pearl production processwill then determine the extent to which it will truly contribute to rural development andincome generation.31
Report on an EU project grant to the WorldFish Center and theSolomon Islands Ministry of Fisheries and Marine ResourcesStimulating Investment in Pearl Farmingin Solomon IslandsReport I. Past research and development onblacklip pearl oysters in Solomon IslandsPrepared by:Ian HawesWorldFish CenterGizoPatrick MesiaMFMRHoniaraMinistry of Fisheries andMarine Resources1
Page 1 and 2: Stimulating investment in pearlfarm
Page 3 and 4: Appendix IAppendix IIAppendix IIIAp
Page 5 and 6: various project elements to describ
Page 7 and 8: PNGSolomon IsPNGCook IsVanuatuFijiF
Page 9 and 10: Figure 2. Typical coastal habitat f
Page 11 and 12: to work alongside WorldFish science
Page 13 and 14: least two weeks before the main sur
Page 15 and 16: duration of the dive, maximum botto
Page 17 and 18: 3.7 Natural disastersEnvironmental
Page 19 and 20: • Legislative review is underway
Page 21 and 22: − Manning Strait islands− Suava
Page 23 and 24: incentive treatment that fits the l
Page 25 and 26: continuing to enter the market. Thi
Page 27 and 28: Provisions for further aquaculture
Page 29 and 30: • licences will relate to a parti
Page 31 and 32: species in Australia are 5 - 10 tim
Page 33: 6.3 Investor’s recommendations fo
Page 37 and 38: Summary• Historically, the blackl
Page 39 and 40: 1. IntroductionBlacklip pearl oyste
Page 41 and 42: 3. Nationwide surveysIn May-June 20
Page 43 and 44: 10 spat collectors were attached at
Page 45 and 46: On a local scale, it was found that
Page 47 and 48: 3025Normalised catch201510500 2 4 6
Page 49 and 50: 30Spat collector -125201510a. NoroL
Page 51 and 52: Figure 10. The number of Cymatium,
Page 53 and 54: Figure 11. Intermediate culture tra
Page 55 and 56: % survival10090HatcheryWild80706050
Page 57 and 58: Thus, under the regime developed in
Page 59 and 60: 7.3 Retention and mortality after s
Page 61 and 62: 7.5 Seeding of hatchery-produced sp
Page 63 and 64: have used average values of $25, $3
Page 65 and 66: 9. ReferencesBraley, R.D. 1997. Fin
Page 67 and 68: depend mainly on the quality of the
Page 69 and 70: Report to:World Fish CenterSuitabil
Page 71 and 72: Suitability of Habitats for Growth
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Suitability of Habitats for Growth
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Report to:World Fish CenterWater Te
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Water Temperature and Cyclone Frequ
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Report to:WorldFish CenterAbundance
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Abundance, Size Structure and Quali
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Report on an EU project grant to th
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1. Governance and political stabili
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Despite its present weaknesses, eff
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payments, but the authorities have
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to recede and presumably vanish und
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outcome is far from certain. There
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existing links, at locations within
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6. Forms of co-investment6.1 Partne
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8. Taxation and incentives8.1 Direc
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10. Labour laws10.1 Foreign workers
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GILLETT, PRESTON AND ASSOCIATES INC
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Page 21. EXECUTIVE SUMMARYPearl far
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Page 42. BACKGROUNDPast research su
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Page 6million; in 2002, it exported
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Page 8the bead in an even, uniform
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Page 10alternative products. Most m
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Page 12fisheries-related activities
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Page 144.3. PolicyThe current gover
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5.2. Stocking densityPage 16Mature
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Page 18or harmful fouling organisms
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Page 20In addition to licensing und
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Page 22Much of this work will have
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Page 24provide them with technical
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Page 26management, disease control,
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Page 28Ministry of Development Plan
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Page 30‘seeding’ means the impl
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Page 326. Provision of statistical
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Page 3414. Aggrieved person may app
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Page 36Division V. Importation, mov
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Page 38(2) Separate fees are payabl
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Page 40Other forms of government su
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Page 42Solomon IslandsPEARL FARMING
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