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Dumping of pearls

Simon Hazelman, Savusavu
Tuesday, October 31, 2017

Civa (Fiji) Pearls Ltd director Claude Prevost, a pearl farm owner, stated that the dumping of foreign pearls in Fiji continues to be an issue affecting the local pearl farming industry.

He attributed the problem to the zero import duty (FT:24/10).

As Prevost rightly mentioned, the problem is his and other local pearl farmers.

It certainly isn't a problem for local customers.

Instead of asking for a 30 per cent duty to be slapped on imported pearls, I suggest local pearl farmers reduce their extravagant prices by 30 per cent.

As much as I would love to buy locally produced pearls, the fact is, it is cheaper for me to buy imported ones of similar quality.

Food for thought for sure.

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