French Polynesia: A Draft Bill to Clean Up the Pearl Industry
By Sandrine, Thursday 2 September 2010 at 19:05 :: Legislation
Temauri Foster Presents a Strengthened Control Framework
A Structural Reform for the Pearl Sector
The Minister of Marine Resources, Temauri Foster, submitted an ambitious draft “loi du pays” this Wednesday during the Council of Ministers, aiming to deeply restructure the pearl sector. Developed in close collaboration with industry professionals, this text is part of the government’s comprehensive reorganization plan.
Main Objectives:
🔹 Fight against fraud and parallel circuits
🔹 Restore the value of the Tahitian Pearl
🔹 Protect the interests of local pearl farmers
Key Measures of the Bill
The framework includes six major initiatives:
1️⃣ Mandatory Quality Control → All production must be certified before commercialization
2️⃣ Strict Regulation of Proxies → Secure deposit and withdrawal of pearls
3️⃣ Enhanced Traceability → Mandatory declaration of: • Exact weight of lots • Number of pearls • Sale price (domestic and export markets)
4️⃣ Extension of Controls to Jewelry → Mandatory certification for pieces containing more than 5 pearls
5️⃣ Deterrent Sanctions → Permanent withdrawal of professional cards for fraudsters
6️⃣ Stronger Criminal Penalties → Increased sanctions for trafficking
A Crucial Complementary Measure
This bill works in tandem with the reinforcement of controls at Faa'a Airport, creating a complete safety net:
✔ Upstream: Production certification ✔ Downstream: Export monitoring
"These measures will permanently clean up the market and restore the value of our black gold," said Minister Foster.
Economic Outlook
Professionals expect:
📈 A significant rise in prices
💰 Better remuneration for producers
🌐 Sustained international visibility
This text, soon to be presented to the Assembly of French Polynesia, could mark a historic turning point for the territory’s leading export industry.
"It is through strict regulation that we will protect the excellence of our pearl," concluded the minister, recalling the importance of this sector, which employs nearly 5,000 Polynesians.
