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Pearls come in many different colors and sizes, and these variables help determine their value. The most expensive pearl ever sold was Marie Antoinette'
Via Graham Watson
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Rescooped by Bruce Fellowes from Microeconomics: IB Economics |
Scoop.it!
Via Graham Watson
Another Business Insider look at a luxury good - this time, pearls, courtesy of their "So Expensive" series.
Veblen goods of the highest order, I think. $32m for a pearl pendant. However, it's quite interesting to hear about the grading of the pearls and the other factors that influence value.