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Jeweller - May 2022

A new era: The pearl industry has been strengthened by adversity Responsibly sourced: Retailers want to provide it, but what does it really mean? Crystal ball: In order to predict trends, we learn from the past

A new era: The pearl industry has been strengthened by adversity
Responsibly sourced: Retailers want to provide it, but what does it really mean?
Crystal ball: In order to predict trends, we learn from the past

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Post Pandemic Pearls | PEARL FEATURE<br />

L to R: Atlas Pearls - An overhead view of an Atlas Pearls farm located in beautiful East Java; Ikecho necklace; Autore Pearls.<br />

The project was dubbed PearlBone.<br />

The collaboration by the University of Western Australia<br />

and biotech business Marine Biomedical aims to develop<br />

PearlBone using nacre - which is abundant in the region - as<br />

a suitable alternative for patients needing bone grafting and<br />

reconstructive surgery.<br />

Minghao Zheng is Professor of Orthopaedic Research at the<br />

UWA and is the co-inventor of the PearlBone project. He says<br />

momentum behind the project is continuing to build.<br />

“It’s a very exciting time for the project, we’ve recently been<br />

awarded government support at both the Federal and State<br />

level to establish a medical facilitiy in the Kimberely region to<br />

manufacture PearlBone product,” he says.<br />

“It’s a project that continues to have a very wide scope in<br />

terms of application, the most common application will be<br />

treating bone traumas which occur as a result of things like<br />

car accidents.<br />

“We’re also looking at applications in terms of dentistry, which<br />

would mostly be fillings.<br />

“PearlBone really has the potential to completely change the<br />

face of the pearl farming industry in Australia forever.<br />

“It’s completely reshaping the purposes of farming and what<br />

can be achieved with the product. If the project is successful<br />

it may lead to an increase in depmand which in turn leads to<br />

more farms.<br />

“That leads to a bigger industry with more and more<br />

people being hired from local communities, boosting local<br />

communities, which is great.”<br />

Australia: Technological advance<br />

Cygnet Bay Farms operates out of both Western Australia and<br />

New South Wales and owner James Brown said there were a<br />

lot of lessons to be learned exiting the pandemic.<br />

“The biggest takeaway from the pandemic and everything<br />

we’ve been through over the last two years I believe has been<br />

the importance of tracking and tracing,” he says.<br />

“We’d all heard of QR codes before the pandemic but did we<br />

really utilise them, or understand how they work and what<br />

they’re capable of? Learning how these sorts of technologies<br />

can be used in the pearl industry is crucial to success.<br />

“The restrictions on travel between borders really showed how<br />

fragile of an industry it can be and how susceptible we are to<br />

disaster. Thankfully we don’t need to rely on flying technicians<br />

in from overseas but I know that’s one thing which really<br />

troubled a lot of Australian pearl producers.<br />

“Purchasing pearls continues to be a very emotive purchase<br />

for consumers and using emerging technologies to<br />

STATISTICS<br />

Pearls in Numbers<br />

7500<br />

estimated age of<br />

the oldest pearl<br />

known to<br />

researchers,<br />

which was<br />

discovered in<br />

the UAE<br />

100 million<br />

estimated value<br />

of the world’s<br />

most expensive<br />

pearl, found by a<br />

fisherman in the<br />

Phillipines<br />

216<br />

pearls are found on<br />

the Susa necklace,<br />

the world’s oldest<br />

piece of pearl<br />

jewellery<br />

1<br />

in every 10,000<br />

wild oysters<br />

contain pearls<br />

6 kilograms<br />

weight of<br />

the legendary<br />

Pearl of Allah<br />

demonstrate to consumers that pearls are being produced<br />

in an environmentally friendly way, by organisations that are<br />

aware of the importance of something like climate change,<br />

can go a long way towards allevating any stress or concerns<br />

that a customer may have, and as a result keep those emotive<br />

purchases viable.”<br />

India: Safety comes first<br />

India was one of the country’s hardest hit by the COVID<br />

pandemic, recording the second highest number of confirmed<br />

cases in the world – trailing only the the US. More than<br />

500,000 people lost their lives.<br />

Moksh <strong>Jeweller</strong>y is based in Mumbai and represents more<br />

than 50 years of family legacy and tradition creating high<br />

fashion designs with an undertone of tradition.<br />

Founder and owner Milan Tanvir Chokshi began the business<br />

in 2005 and says that the pandemic was a challenge unlike any<br />

other he had experienced before, and that it changed the way<br />

pearls would be used in designs across the years to come.<br />

“The biggest challenge for us was ensuring the health and<br />

safety of our artisans,” he says.<br />

“A business has to be geared up for any economic volatility, so<br />

that wasn’t really as concerning for us. But an unprecedented<br />

halt to life such as the one we witnessed is something that we<br />

were the least prepared for.<br />

“However with the support of the local government in Mumbai,<br />

we were able to get the permissions to operate our export<br />

business and this kept everything going. At a restricted pace<br />

but it continued all the same.<br />

“Pearls have become more and more visibe in jewellery over<br />

the last few years and I think it’s possibly because they are<br />

comfortable to wear and fit easily into a casual or luxury<br />

mode. Comfort has been key for everyone, particularly while<br />

they were stuck at home over the past couple of years.”<br />

Affect on European pearl retailing<br />

While pearls aren’t farmed in the UK they remain a staple of<br />

high end fashion in cities such as London.<br />

Yoko London was founded in the early 1970s and has three<br />

generations of family business experienced working with 13<br />

different pearl farms around the world, breaching markets<br />

right across Europe.<br />

Yoko London CEO Michael Hakimian said that international<br />

retailers faced similar challenges to Australia’s homegrown<br />

producers and distributers. Restrictions on travel were just<br />

one of many challenges created by the pandemic.<br />

“People had limited opportunities to shop for jewellery in<br />

person,” Hakimian says.<br />

32 | <strong>May</strong> <strong>2022</strong>

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