Page 264 - Bahrain Gov Annual Reports (I)_Neat
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                                THE PEARL INDUSTRY.






                        The state of this industry, the mainstay of Bahrain,
                                                  *
                     has gone from had to worse, the condition of the pearl
                     market is deplorable and there is hardly a single bign
                     merchant or naukhuda who is not in financial difficulties.

                        According tonLa Perle” which is the official perio­
                     dical of the pearl and precious stone industry in Paris,

                     the catch during the last season was n0ne quarter or one
                     fifth of 1930 which was already small”       The article
                     which I quote also states that only one third of the

                     boats that went out in 1930 were fishing in 1931 and
                     the quality and size of the pearls was inferior to the
                     previous season.

                         It is di     ult for me to obtain an accurate estimate
                      of the value of the seasons pearls as they are not sub­
                      ject to customs valuation.     About half the naukhudas

                      employ the official diving clerks to make their accounts
                      and from these accounts I can form a somewhat rough

                      estimate of the annual production, assuming that the rest
                      of the boats whose accounts are made independently, and
                      which I have had no opportunity of examining, obtained
                      a proportionate amount of pearls.

                         It must be remembered that these values are the amounts
                      paid by the land naukhudas or Tajars, to the sea naukhudas
                      and by the time the pearls reach the final purchaser in

                     Bahrain they may have changed hands many times and will
                      certainly have increased very much in price,       One known
                      example of this was a pearl produced some years ago which

                     was sold by the finder for '.a 75,000/- ana eventually
                      changed hands in' Bahrain for two lacs.




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