Pearl Parties Are Taking Over Facebook Live, But Buyer Beware
Pearl parties follow a basic formula: the host opens dozens of oysters, each of which was purchased by a party attendee. People typically pay around $20 per oyster, and get the pearl in return; some companies that run the parties charge anywhere from $29 to almost $200 to set the pearl in an item of jewelry.
Siebenaler, growing impatient and skeptical, decided to take a few of her pieces to a local jeweler to have them appraised, including her Three of Hearts necklace. The jeweler told her the necklace she bought for $94 was worth only $8.62, and the pearl inside it worth pennies.
Party hosts working with companies like Vantel often cite an “appraised pearl value” chart to explain how much each pearl is worth. That chart suggests there is a standard way to value pearls based on their size and color, which the experts insist is not the case. And the chart says its valuations are based on data compiled by the National Pearl Association of the United States, which does not exist.