The demand is dominated by cultured pearls, namely pearls that were produced through cultivation of pearl oysters. Of the cultured pearls, the ones that have been worked (HS 710122) dominated at an average share of 62%, with unworked cultured pearls (HS 710121)
The demand for pearl products has steadily increased at annual average growth of 5.2% in value terms. Total world imports grew from US$ 1.142 billions in 2001 to reach almost US$ 1.4 billions in 2005. The demand for pearl increased in line with general market growth of jewelry with precious gems. The precious gems jewelry accounted for the bulk majority of jewelry sales in the world.
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