
What’s the first things that comes to your mind when you hear about a pearl ? A shiny white ball? A beautifully sewed necklace ? A sign of richness and elegance? Or probably a chance to find that pearl incidentally when you are eating an oyster? You are right about all of this but there’s much more to it that just that.
Pearls weren’t much framing oriented earlier. A natural pearl found from under the ocean beds in the oysters living in there was considered to be the most expensive pearl. As of now Marie Antoinette’s pearl pendant which was sold for $32 million in 2018, owns that position.
It is Because of higher demand of this precious gem that people had to shift to the process of pearl farming from which we get what is called a cultured pearl
Pearl farming is nothing but extracting an oyster from the water, manually inserting a cell of mollusc tissue or a donor tissue in to the oyster and putting it back to the fresh or marine water for a period of 6 months to 12 months and wait for a pearl to grow.
The value of a single pearl is worth between $300-$1500 and the value of a cultured pearl in the world trade would be $2 billion of which India imports $0.2 billion.
Pearl farming is one task for a business but the business this small, white, shiny ball is likely to get to you is a line of the rich and high-end distributors enough for you to go on a vacation with your family to the beach without worrying about extracting oyster rather just eating them.
The potential for a pearl farming business has contributed to many of its determinants and has opened a wide market for itself. Pearl farming is one the best acquculture businesses.
It is at the Gulf of Munnar ( Tamilnadu ) and in the Gulf of Kutch ( Gujarat) that the extraction of the pearls takes place but now the production has shifted to Tiruvanantapuram in Kerala. It’s in Hyderabad, the City Of pearls that has pearls passed down from the Nizams that this city in India is known for.
The increased disposable income, improving standard of living, importance of social status in the society has contributed to the growing demand of pearls today with the cultured pearls making it affordable
It’s on these factors of pearl farming that decides its market value and determines its demand potential and its uses
On the basis of Type of pearls
On the basis of Shapes of pearls
On the basis of cultivation of pearls
Uses
The licenses require to set up a pearl farming business would be:
The investment made in the pearl farming is around ₹ 3-₹10 lakhs process depends on these three processes:
· Cultured area of pearl farming project
· Cultured technique of pearl farming project : pearls through double implementation
· Stocking Density in pearl farming business: 9000-10000 mussels
· Time frame of culture : 6-18 months
The profits made out this pearl farming business :
CONTENT | AMOUNT | |
1. Total gross income | ₹12 lakhs | |
2. Net profit | ₹8 lakhs |
The target existing and potential consumers of your pearl farming business are as follows:
The area required for cultivating the pearl is ½ to ¾ acre of land
The raw materials required to get going with an cultivated pearl farming business would be:
The machinery required to set up a pearl farming plant are:
The manpower required for pearl farming business is
Moreover the pearl farming process involves
Moreover training to these workers in terms of fertilisation and post harvesting activities through appropriate training centres set up in
Also read :
How to start Organic Farming Business
How to start Poultry Farming Business
The business model of a pearl farming business can be defined using these 4 variants
Value proposition: The value which a pearl farming business is likely to get to you is:
Target consumers: The target consumers to your pearl farming business are as follows :
Competitor review: The competition in the pearl farming business is entirely based on the quality, colour and size of pearl you supply. Depending on that your competitors are:
Marketing strategy: The marketing strategy to be implemented for your pearl farming business could be
Profit margin
The profit margin from a pearl farming business is likely to be around 50%
Suggestions
Are you telling us that to be in the business of one of the most expensive and unique gems still looks a little doubtful to you? Well, let’s us clarify that for you:
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