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August 23, 2016
The Latest "Pearl of Great Price"
Working to free his boat, the fisherman dove into the water to pull up the anchor by hand, bringing the shell with him. Inside was the record-breaking pearl. Apparently unaware of the pearl’s true value, the fisherman simply brought it home and put it under his bed as a good luck talisman. There it sat for a full decade. It was only after a fire forced him to move out of the house that he decided to hand the super-sized pearl over to local officials. The pearl measures a foot wide and over two feet long, and has been estimated to be worth somewhere near $100 million dollars.
Posted by gerardvanderleun at August 23, 2016 2:32 PM. This is an entry on the sideblog of American Digest: Check it out.
Your Say
Palawan is a province of the Philippines. It is a large and long island about an eight hour ship ride south of Manila. I went diving there back in 2003 near Coron Island. Beautiful clear water and friendly people. We dove on an area where a dozen or so Japanese ships were sunk during WWII. There were also plenty of pearl farms, guarded with men toting M16s. We stayed well away from the pearl farms.
Posted by: Snakepit Kansas at August 23, 2016 7:42 PM
And now the government has the pearl and he's out the value. Any mention of what he received in that "exchange".
Posted by: Vermont Woodchuck at August 24, 2016 4:52 AM
How is that thing valued at $100mil?
Posted by: ghostsniper at August 24, 2016 6:31 AM
I might have paid the going rate for the oyster that produced that thing. The pearl, nah.
Posted by: BillH at August 24, 2016 10:09 AM
What he "received"? He got to stay alive. See that other comment about men with guns guarding pearl farms. That's the problem with "found" wealth. Without clear title and the rule of law and a civil society, the cost and risk of "finding" someone else's "found" wealth is very low. Especially when the second finder has the guns.
Coming soon to a neighborhood near you.
Posted by: John A. Fleming at August 24, 2016 10:52 AM
That's a LOT of nacre.
Posted by: Mumblix Grumph at August 24, 2016 6:40 PM