Why Tahitian Pearl price are rising in 2023?

Just as anticipated and foretold in our recent blog post.
https://cmwpearls.com/blogs/tahitian-pearl-news/pearl-news-is-tahitian-pearl-costs-increase-in-2023

We anticipated an increase in prices caused by multiple factors.
- Limited supply due to the pandemic's impact on tahitian pearl production.
- Export restrictions on pearls
- High demand for Tahitian Pearls due to celebrity and promotion endorsements
- Distributors exhausted all their saved inventory during the pandemic.
- Farmers are having trouble finding oysters for Tahitian Pearl production

What's Next?
-  As a consequence of a variety of factors that result in a lower supply than real demand, some corporations have already started to adjust their price.
However, not all organizations have implemented their new pricing , particularly when it comes to the retail business. , As you may know, there may be multiple layers of procedure before structured organization can shift their pricing, and it takes time to respond to the fast-paced variation in costs that we are now seeing. Furthurmore that is also an opportunity for end-consumers to shop before the price bump of all their items.

Is 2023 a good time to purchase Tahitian pearls?
- With all of the different factors considered, there is no doubt that 2023 is the best time to buy tahitian pearls, knowing that their prices will rise even more.