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Ch. 12: Pearl Price

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PRICE
Value, except in things which are constant and constantly changing hands, is a matter of opinion. Price is the expression of that opin­ion in money terms. Except in a few staple sizes and qualities, pearls are affected by so many details which determine their value that it is difficult to formulate rules to cor­respond and establish a base by which all may be judged.
Shape, size, color, luster, and perfection, afford a multiplicity of combinations sufficient to puzzle the judgment of the most expert, and when to this is added the fact that there is no other one like the piece to be valued so as to gauge opinion, there remains but one finality, the agreement between buyer and seller on a price.
Disregarding the fluctuations of price occa­sioned by temporary influences and the varia­tions arising from local causes, this chapter is intended to give information of the price of
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Ch. 11: Pearl Fisheries Page of 358 Ch. 12: Pearl Price
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