Friday, October 6, 2006

$35,000 Pearls?

Fri Oct 06 18:44:39 EDT 2006
A recent New York Daily News column said that, on average, the 22,000
employees of Goldman Sachs made $418,000 this year. (That's just
slightly less than I make. J/K) And, according to New York retailers,
these go-getters spend, spend, spend on all manner of luxury items.

South Sea pearls top the list, and, according to pearl retailer
Mikimoto, which was quoted for the story, New Yorkers are buying
luminous beauties that retail for between $35,000 and $37,000. That's
a lot of jingle! If you're looking to spend that kind of loot, here
are some South Sea pearl facts compiled by GIA:



• At an average size of 13mm, South Sea cultured pearls are the
largest cultured pearls on the market.


• Only 10-30 percent of the harvest produces round or near-round
pearls.


• Australian farmers use 80-90 percent wild oysters to culture South
Sea pearls.


• The oyster that produces a South Sea cultured pearl can typically
only produce three pearls in its lifetime, and each cultured pearl
requires about two years to form.


• South Sea pearls range in color from white to yellowish-orange; the
golden pearls are the rarest and often the most desirable.


• South Sea pearls, unlike most other cultured pearls, are not
treated by the pearl farmer prior to export.


• Although the majority of South Sea cultured pearls come from our
friends Down Under, Indonesia also produces South Sea cultured pearls.


If you work for Goldman's, lucky you. If you're, shall we say, on the
non-wealthy side like the rest of us, may I suggest some equally
beautiful, but slightly less costly pink freshwater cultured pearl
stud earrings?


www.moonriverpearls.com

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