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Cultured pearls have high market potential:CIBJO President

CIBJO President Gaetano Cavalieri speaking at the Global Pearl Development Conference in the “Pearl City”, Zhuji, China, on May 21, 2023 said that cultured pearls represent a jewellery category with particularly high market potential. This is because they are among the very few materials used by the industry that are potentially sustainable both from a social and an environmental perspective. “In fact,” he noted, “when cultured pearls are farmed in a responsible manner – meaning that the physical environment in which the oysters are hatched and grow is absolutely pristine – then the quality of the end product is optimised. It is a win-win situation.”

Hong Kong is a leading trade and distribution centre for pearls, and over 90 per cent of freshwater pearls in the Hong Kong market are from Zhuji.

During his visit to China, Dr. Cavalieri signed a Memorandum of Understanding with Ye Zhibin, Chairman of the Board of the National Gemstone Testing Centre (NGTC) of China, and Bi Lijun, General Secretary and Vice President of the Gems and Jewellery Trade Association of China (GAC), in which the three organisations agreed to cooperate in the sharing of knowledge and expertise, to create joint programmes, and to advance the adoption in China of international standards and nomenclature developed within CIBJO.

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