#67 - Go East Young Man

Posted on Thursday, June 4th, 2020 at 8:28 am by LaLonde Jewelers

As I grew up in the 50’s and 60’s, on TV were all the western movies and TV shows. John Wayne Movies, Gunsmoke, Rawhide, and Wagon Train. Well, the most famous saying through the 1800’s was, ‘Go West Young Man’. Free land, gold, open country, and riches. You name it, it was availed to anyone willing to gamble on their future. At the time we needed a larger American based population so that it made since to support statehood. The world seemed so large then, it took a long time to travel long distances. So, things that were needed and had to be shipped would cost a premium. This was long before overnight shipping and next day delivery.

So, in my early years of the late 70’s Overnight Shipping hadn’t established itself yet. Sending a package with diamonds was sent on a 4 to 5-day shipment. Well, the sender would want a premium for their goods, after calculating the time delay and added cost of shipping and receiving. One of the curses of living in paradise.

So, when the Tahitian Pearl market began to rise, I started to see an unusual thing. You see the Tahitian Pearls weren’t regulated like the Japanese Pearl Market. It seems that almost anyone could get their hands-on large amounts of these wonderful black pearls generated from the Black Lipped Oyster only found in the Tahitian waters.

I started to see a number of New Zealand, and Australian businessmen with briefcases full of these wonderful pearls. Now my operation at the time was small and these guys could still find me. So, I started to wonder how many of these guys were out there seeking the bigger guys and why had it trickled down to me.

Too many pearls were available. They all had stories that they weren’t in the pearl business and that they owned construction companies and this Tahitian pearl guy owed him money for a job and gave him all these pearls.

Rather than fall for these pearls, my saying began with “Go East Young Man”, the further away from Tahiti you can get the demand may be greater.

It was soon after when FedEx, UPS and even the US Postal System all started having your packages overnight, I never saw these Construction Contractor Pearl Salesmen anymore.

Thanks to these operations the world has gotten smaller, I just ordered some live Maine Lobsters and they will be here in the morning.

Written by Dan LaLonde, G.G., G.I.A.
Lalonde Jewelers & Gemologists
The Gem Expert
www.thegemexpert.com



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