The average size of these pearls derived from the Venezuelan fisheries was small, specimens rarely exceeding twenty grains. In 1577, Urbain Chauveton wrote: “The pearls of Cubagua are mostly 2, 3, 4, and 5 carats. But the quantity of them is so great that the fifth part which is paid to the king of Spain yields every year the value of more than 15,000 ducats; this besides the frauds committed and the pearls which stick to the fingers of those who manage the business, and who pilfer the most beautiful in great numbers, sending them here and there for sale. They place themselves in great danger if the facts become known, but they do it all the same.”[[275]]

The enormous demands made by the Spaniards soon had its effect on the resources, for Chauveton adds: “It is apparent they decrease and not so many are found as in the beginning. The reason for this is that the Spaniards are so eager to gather large quantities of them quickly that they are not content to use their divers to search for them in the depths of the sea, but they have conceived and invented I know not how many machines of rakes and drags to scrape up everything. In fact they have at times collected them all so that another could not be found, and have had to abandon their fishing for a considerable time to give the oysters a chance to lay their eggs and grow their pearls.”[[276]]

The decrease noted by Chauveton was probably not very serious, for the Spanish historian, Jose de Acosta, reports that in 1581 he saw “the note of what came from the Indies for the king; there were 18 marcs of pearles, besides 3 caskets; and for private persons there were 1265 marcs, and besides them, 7 caskets not pierced, which heretofore we would have esteemed and helde for a lie.”[[277]] Also the records show that in 1597 Spain received from the Venezuelan fisheries “350 pounds’ weight of pearls.” It is to be regretted that the Spaniards so frequently reported the yield of pearls by pounds’ weight, for—owing to the great variation in quality—this is about as unsatisfactory as to report the wealth of an individual by the pounds’ weight of his title-deeds or of his stock certificates. The value of “350 pounds of pearls” might have been anywhere from twenty thousand dollars to as many millions. Assuming that all were two grains each in weight and of good quality, the total value would approximate $600,000 according to the valuation of that period; and on a basis of eight grains each, it would be $9,600,000, or sixteen times as much. But as original parcels of pearls from the fisheries, these figures should be divided by three.

Following 1597, the productiveness of the Cubagua beds rapidly decreased. By acts of cruelty and oppression the Spaniards had converted the surviving Indians into deadly foes, ready to take advantage of any opportunity to avenge themselves on their oppressors, and thus terrifying the settlers into abandoning the enterprise. Early in the seventeenth century the development of mining resources in Mexico, Peru, etc., attracted the adventurous Spaniards. A considerable decrease in the value of pearls, brought about by the skilful manufacture of imitations at Venice, and elsewhere in southern Europe, also affected the prosperity of the fisheries. As a result of these combined influences, the output in Venezuela was greatly reduced, and it ceased long before the close of the following century. Thus ended an enterprise which, for a number of years, represented the greatest single industry of the European people on the American continent.

According to General Manuel Laudecta Rosales, the Venezuela archives contain no reference to any renewal of the fishery until early in the nineteenth century. At the time of Humboldt’s visit in 1799, the fishery was entirely neglected around the islands of Margarita, Cubagua, and Coche, and the only evidence of pearls was a few very insignificant ones picked up about Cumana and sold among the natives at a piaster per dozen.[[278]]

After the overthrow of Spanish authority on this coast, Messrs. Rundell, Bridge and Rundell, a firm of well-known goldsmiths of London, obtained, in 1823, from the government of Colombia, a ten-year monopoly of the fishery at several places on the coast of the new republic, in consideration of one fifth of the pearls secured.[[279]] After the independence of Venezuela in 1829, the taxes imposed were so heavy that the industry languished, and about 1833 it was practically abandoned.

Owing to the improved physical condition of the reefs, the fishery developed largely in 1845; and for several years an average of 1600 ounces of pearls were secured, an ounce of good quality selling for 150 to 500 bolivars (one bolivar = 19½ cents), and the inferior quality at 80 to 100 bolivars.[[280]] At that time there was a tax of sixteen bolivars per boat monthly. In 1853 this was increased to forty-eight bolivars per boat, and the use of dredges (arrastras) was interdicted, soon reducing the fishery to a very low stage. Subjected to frequent changes in regulations, and burdened by heavy taxes, the industry remained in poor condition until about 1895. Since then the enhanced value of pearls, and the increased industrial activity on the coast, has resulted in a very large development of the fishery.

In recent years the government of Venezuela has granted concessions to individuals and to companies for the exploitation of defined areas for a limited period, exacting 10 per cent. royalty on the proceeds of the enterprise. In granting these concessions, the government usually reserves the right to examine the books, and to intervene when necessary in any phase of the enterprise. For protecting its revenue, the government requires that shipments of the pearls must be signed by its agent, and bills of sale must be countersigned by the Venezuelan consul in the place where the sales are consummated.

The Venezuelan pearl fishery now gives employment to about 350 boats, manned by five or six men each, sailing from the ports of Juan Griego, Cumana, and Carupano. These are sail craft, measuring from two to fifteen tons each, and are licensed by the Venezuelan authorities at a charge of 15 bolivars ($2.92) each. Most of the boats use dredges, but some of them resort to nude diving, after the manner of the sixteenth century. Attempts have been made to use the scaphander, or diving armor, but without success, owing largely to the difficulty in obtaining experienced workmen, and also to local prejudice against this form of fishery. It is claimed that in using the scaphander, all oysters are removed from the reefs, whereas the arrastra or dredge spreads the oysters and thereby enlarges the reefs. This is the principal and, except those at Sharks Bay and the Sulu Islands, the only important pearl fishery in which the oysters are secured by means of dredges. These are made of iron and are similar to those implements used in the scallop fisheries of New York and Rhode Island. They are dragged over the beds, and when filled are lifted and their contents emptied into the boat, the fishermen culling out the desirable oysters from the mass and throwing the refuse material overboard.

The pearl-oyster (Margaritifera radiata) secured on the coast of Venezuela is closely related to the Ceylon species. It averages slightly larger in size, and there is a much greater range in coloration. The pearls are of good quality. In color they range from white to bronze, and occasionally a so-called black one is found. The total output is valued locally at about 1,750,000 francs ($350,000) per year. Most of them are sold in Paris.