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In 1888, Mikimoto obtained a loan to start his first pearl oyster farm at the Shinmei inlet on Ago Bay in Mie prefecture with his wife and partner Ume. On 11 July 1893, after many failures and near bankruptcy, he was able to create the hemispherical cultured pearls. He introduced these mabes at a marine products exposition in Norway in 1897 and began an export business. However, it took him another 12 years to create completely spherical pearls that were indistinguishable from the highest quality natural ones, and commercially viable harvests were not obtained until the 1920s.