Teva Rohfritsch, Vice President in charge of the blue economy, has responded to criticism from pearl farmers following the announcement of his crisis management measures.
They accuse him of contributing to the decline in pearl prices. In an official statement, Rohfritsch emphasized that the government’s priority is to support struggling families during the health crisis while safeguarding the cash flow of pearl industry professionals.
He stressed that the current situation is exceptional and requires solidarity from all players in the pearl industry—from producers and traders to jewelers. The Vice President also clarified that collective efforts are essential to navigating this unprecedented economic and health crisis.
Rohfritsch further announced that the government is preparing a post-crisis action plan, which will be presented at the next meeting of the Pearl Farming Council. This plan aims to strengthen the pearl industry once the crisis subsides, particularly through measures to revive international markets while leveraging lessons learned from this challenging period.
Finally, the Vice President underscored that all options are being considered to support the pearl sector, depending on how the situation evolves. The statement reiterated that solidarity and cooperation are more crucial than ever to ensure the industry’s resilience in the face of current challenges.
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