The Economics Of Cashmere
December 28, 2012 in Daily Bulletin, Signature
With winter coming to the northern hemisphere, a cashmere sweater is on the wish-list of many. But why is it so expensive? Aisha Harris had the answer:
- Cashmere has long been associated with class. Ever since the 1500s Indian Emperors used the material to signify status.
- In the present day there is a lot of demand for the material. It is eight times warmer than sheep’s wool despite its light weight.
- However supply is a problem. Cashmere comes from the undercoat of goats specifically bred to produce the wool.
- It takes the wool from two goats to produce enough material for a single sweater.
- Producing the wool is a costly process. The undercoat needs to be separated from the coarser top coat by hand.
- All of this means that only 30,000 pounds of cashmere is produced every year…while 3 billion pounds of sheep’s wool is.
Read more about where the material is produced, when it first appeared in Europe, and where the name ‘cashmere’ comes from over here.
Source: Slate
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