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Jakarta Post
The Jakarta Post
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DKI Jakarta, Indonesia
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Pearl prices drop, 33 cultivators stop operating

  • Panca Nugraha

    The Jakarta Post

Mataram | Mon, December 14 2009 | 03:01 pm

PREMIUM As many as 33 out of 36 pearl cultivators and exporters in West Nusa Tenggara (NTB) have practically stopped operating this year due to the plummeting price of pearls on the international market as the result of the global financial meltdown. Pearl production has dropped drastically from the average of 1.2 tons annually to only 200 kilograms this year. "Only three companies remain active...