Pearl Demand Grows Amid Supply Challenges and Innovation

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Pearls on the Rise

The global pearl market is offering fresh opportunities (and challenges) for jewelers

By Deborah A. Yonick

The global pearl jewelry market exceeded $13 billion in 2024 and is projected to reach $35 billion by 2033, with a compound annual growth rate (CAGR) ranging from 10.7 percent to 13 percent.