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Ch. 13: Value & Commerce of Pearls

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348
THE BOOK OF THE PEARL
by Guillaume Budé1 (1467-1540), the celebrated French Hellenist who lived during the reign of Francis I and who is regarded as the founder of the Collège de France. In his work entitled "De Asse," he states that he once inquired of a gem dealer in Paris whether the latter could recall the weight of some remarkable pearl which had passed through his hands. The dealer replied that he had seen one weighing 30 carats (120 grains), whereupon another gem dealer, who was present, remarked that he had in his possession one of 40 carats (160 grains). This pearl was sold a few days later for 3000 gold crowns ($6750). On another occasion Budé was told that a pearl of exquisite beauty weighing 30 carats, had been sold to the Duchesse de Bour­bon, daughter of Louis XI of France, for the sum of 4000 gold crowns ($9000).
In regard to the manner of computing the value of pearls Budé writes : "I think the ratio of these prices can be calculated. When I asked a gem dealer what was the value of a pearl of four carats [six­teen grains], according to the formula, he replied: Ί have seen such a pearl sell for thirty gold crowns [$67.50].' Whereupon I asked: 'How much would you estimate one weighing eight carats [thirty-two grains] ?' 'At least two hundred gold crowns [$450],' he answered; and as I continued to ply him with questions, gradually increasing the weight, he responded in such a way that I could understand that the increase of the price bore not a numerical, but a proportional relation to the weight; so that the above mentioned eight-carat pearl, having double the weight of a four-carat pearl, was valued at seven times as much. The same was true of a pearl weighing twelve carats, twenty carats, and so on; the price augmenting by a greater and greater in­crement as the weight increased."
In the "Coronae Gemma Noblissima" of Wilhelmus Eo (1621, pp. 32, 33), an instance is given of the rapid changes that are pos­sible in the worth of a pearl. A large and beautiful pearl was brought to Nuremberg by a merchant who had paid 500 florins for it ; he soon found a purchaser among the merchants there, who was willing to pay him 800 florins. This latter merchant in his turn disposed of his gem for 1000 florins, and shortly after it again changed hands twice, the first time at an advance of 200 florins and the second at an advance of 300 florins. All this happened within a few days. The writer tells us that the last purchaser, who paid 1500 florins for the pearl, took it with him to Venice "where the wealthy dames wear a great treasure of beautiful pearls as necklaces upon their bare skin, and he will not have lost anything on his pearl there."
In 1884, Mr. Edwin Streeter was asked by a member of a London
'Guillielmi Budaei, "De Asse," Venice, 1522, Lib. V, pp. 67, 68.
Ch. 13: Value & Commerce of Pearls Page of 650 Ch. 13: Value & Commerce of Pearls
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