US Cultured Pearls Market to Exceed $1.6 Billion by 2015, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a US report on Natural and Cultured Pearls markets. The US market for cultured pearls is projected to exceed $1.6 billion by the year 2015. The weakening dollar is creating opportunities for other countries to buy top-quality pearls in each category. The US market is witnessing an increase in the number of international buyers, leading to a scarcity of superior-quality pearls. International clients are taking full advantage of the lowered exchange rates due to the fall in the US currency.

Natural and Cultured Pearls: A US Market Report

Natural pearls are very rare as well as expensive, which makes cultured pearls the only alternative for majority of the consumers desiring to own real pearls. High quality natural and cultured pearls appear identical to naked eyes, and often only those who are experts in pearls or are trained can identify the difference using an X-ray instrument. The core of cultured pearls is larger as compared to natural pearls. While, white, pink and cream have always been popular pearl colors, black, gold and silver are as well turning popular these days. Among the pearl producers, Australia, Myanmar and Indonesia hold recognition as key producers of large and white pearls, whereas the Japanese pearls are renowned for their lustrous appearance.

The demand for natural and cultured pearls is expected to grow at a flat rate in the US, as stated by the new market research report on natural and cultured pearls market. Low consumer awareness about the different types and qualities of available pearls negatively impacts the business of pearl producers. Various global organizations including Cultured Pearl Association, Australia's Licensed Pearl Producers, World Pearl organization, and Japan Pearl Promotion Society fund are undertaking initiatives to inform consumers about the wide variety of pearls available and the appeal of pearl jewelry.

Historically, pearls were obtained from the body of sea oysters. Due to the shortage in supply of pearl oysters, pearls are now being increasingly obtained through pearl farming techniques. In order to stabilize the increase in pearl prices, it has become essential for pearl producers to supply pearls in line with the rising domestic and international demand. Artificial harvesting is a common practice among pearl producers.

Key players profiled in the report include American Bio-Gem, Inc., and American Pearl Company.

The report titled "Natural and Cultured Pearls: A US Market Report" announced by Global Industry Analysts, Inc., provides a review of market, key producers, concerns and challenges, trade, and recent industry activity. The study analyzes market data and analytics in terms of value sales in the US.

For more details about this market research report, please visit -

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 800 people worldwide and publishes more than 1100 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
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