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A Drop in Chinese Buying Is Giving the US Pearl Market an Edge

Tanzanite Blue and Amethyst Purple Edison pearl strands laid out on trays, prepared for JCK 2026

Features Yen’s Rapaport · June 2026

Tanzanite Blue and Amethyst Purple Edison pearl strands laid out on trays, prepared for JCK 2026
Image: Yen’s Jewelry

Rapaport’s 2026 pearl market report quotes Eric Yen on stable freshwater pearl prices and the new natural purples that keep surprising buyers at every show.

Rapaport Magazine reports that China, which absorbs about 75% of the world’s pearls, has slowed its buying. That leaves more supply and softer prices for U.S. dealers, just as colored stones and pearls lead jewelry-store sales.

On Chinese freshwater pearls, Eric Yen told Rapaport that prices are fairly stable after the run-ups of 2022 and 2023, with production growing in small 3–6 mm sizes and in 7–8 mm bead-nucleated pearls.

He also pointed to the constant stream of new natural colors: because every harvest is slightly different, a new shade of purple seems to appear about every six months, and a color buyers see one year may not be available the next.

Read on Rapaport (opens in a new tab)

Summary by Yen’s Jewelry. The full article is published by Rapaport.

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