SHANGHAI — It’s no secret that pearls have been making a comeback of late, with Dior, Gucci and Chanel featuring the precious orbs on their runways last fall. But the rise in demand is coming at a time when the supply of new, high-quality pearls is falling, leading to an increase in prices.
In 2015, a Knight Frank study showed that the value of jewelry had risen by 159 percent over a decade, with pearl value increasing by 369 percent. “Pearls, which until recently were considered rather old-fashioned, are also rising rapidly in value. This trend is being helped by the almost total lack of supply of new natural pearls coupled with strong demand from the Arabian Gulf,” noted Knight Frank’s 2015 Wealth Report.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)