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Latin America Investment News on Viva Tropical

Panama Looking for Gold in its Pearls

Article Summary:

Elizabeth Taylor has one and soon you can have a Panama pearl too if a tourism-meets-science project to cultivate pearls in the waters of the Pearl Islands is successful.

Photo Credit: Revista Summa

Original Article Text From Revista Summa via Google Translate :

Cultivate Pearls in Panama

For the past year and a half, marine biologist Richard Steger is developing a scientific project to cultivate pearls in the waters mazatlanica of Pedro Gonzalez Island (Pearl Island) and in March will be the first incision of the oysters that have managed to shelter there.

“We have a good number of oysters. The smallest are the size of a quarter of U.S. $ 0.10 and the largest measuring up to five inches in diameter. In March, will make the incision, they inserted a nucleus, and a year and a half later we will see the results, “said Juan Jose Amado, representative of Pearl Island.

The project has a scientific purpose and tourism, not a commercial one. “The idea is to put a lot of collectors and do business with this. We want to rescue the historic glories past, is to provide another source of local jobs to take advantage of this unique tourist island, “said Amado.

The most famous of the pearls that came out of the archipelago has been the Pilgrim, who in the sixteenth century passed into the hands of King Philip II, the Infanta Isabel adorned and joined the jewels of the Spanish kingdom. Then, after being auctioned in 1969 and bought by Richard Burton for $ 37,000, was given to the actress Elizabeth Taylor.

During the Spanish colony, the population of oysters in Panama was decimated by overexploitation of pearls. Is that, in their natural state, for a pearl to be removed approximately 50,000 oysters.

And it shrank considerably pearl production capacity of the area. However, the activity continued until the last century. “When the Japanese invented the art of cultivating pearls incision in the middle of the 20′s, the business of natural pearls collapsed and managed companies abandoned this activity here,” says Amado.

One family that was dedicated to the production of pearls in Panama in the past were the pleats.

Capital tried to contact his descendants to bring your version to this notice and to have a clearer idea about the value of this business and its prospects, but the proceedings were unsuccessful.

Eleta family, according to historical records referred by Maria Eugenia Mellado, Pedro Gonzalez bought the island to the pleats in 1971. And now that island is developing a low density ecotourism project, scheduled to run over a period of 30 years with an estimated investment of U.S. $ 250 million.

According to two jewelers surveyed, who chose to book their names, Steger led project looks promising, but find it difficult to come to Panama to develop pearl production levels similar to those currently occurring in Japan and the islands of French Polynesia .

Link to Original Article:

From Revista Summa

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