The Tahitian pearl market is currently experiencing an unprecedented boom, with prices reaching 800 Fcfp per gram—a level not seen in over 15 years.
This dramatic increase stems from a combination of factors: a strong rebound in international demand and limited supply, a direct consequence of the pandemic.
According to data from French Polynesia’s Institute of Statistics (ISPF), the average price per gram has more than doubled in a year, jumping from around 300 Fcfp to 800 Fcfp. Industry professionals, such as Loïc Wiart, director of Poe Black Pearl, welcome this trend: “This is an unexpected but very welcome comeback.”
During the COVID-19 pandemic, pearl farming activity slowed significantly, leading to a sharp drop in production. While demand remained moderate at the time, it has now surged—just as available stocks have hit record lows.
The industry is celebrating this recovery but remains cautious. The rapid price increase could be followed by a sudden downturn if production accelerates too quickly. “There’s a risk of a yo-yo effect,” admits Wiart, “but current constraints—particularly the shortage of grafters and mother-of-pearl—should prevent overproduction in the short term.”
This revival presents a unique opportunity to revitalize Polynesia’s pearl industry. However, market stability will depend on careful production management and potential regulatory adjustments to prevent another crisis.