Tuesday, May 17, 2011

Financial windfall from sperm whale's vomit

A Maori tribe on New Zealand's North Island were celebrating an unexpected windfall after finding a large chunk of whale vomit while burying the corpse of a stranded sperm whale that had been mutilated by vandals.
Also called "whale's pearl" or "floating gold," the sperm whale vomit is more correctly known as ambergris, and is a rare and often valuable ingredient in fine perfumes.
The 40kg lump of ambergris has just been sold to a French company for an undisclosed sum after being discovered last year, Dargaville broker Adrienne Beuse said tens of thousands could be paid per kilogram of ambergris, dependent on its quality. Some estimates of the value of the New Zealand find were as high as $400,000.

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