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Consumer

Japan pearl jeweler Mikimoto raises prices as much as 20%

Pollution and war add to string of inflationary pressures

Mikimoto's flagship store In Tokyo. Prices tags for the company's jewelry are going up but foreign tourists may still find them reasonable due to a weaker yen.   © Natsumi Kawasaki

TOKYO -- Japan's Mikimoto is raising the prices of its flagship pearl jewelry for the first time in six years, joining other global jewelers in bumping up tags due to the higher cost of materials and production.

Production of organic pearls has been hit not only by inflation but also by a poor harvest of pearl oysters due to pollution, adding to price pressure from costlier precious metals and diamonds against the backdrop of the Ukraine war.

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