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...Caviar has always been a luxury [and] the booming demand has gone hand in hand with a lot more money [being] around in Britain," said Lucie Herring, public relations manager for Caviar House-Prunier. "It was the preserve of the old rich, like Russians, but now with City boys [those employed in London's financial district] coming in, the new rich...

Author: /time Magazine | Title: Caviar, Off the Back of a Truck | 8/13/2007 | See Source »

...scenes reminiscent of Britain's infamous trade of stolen gadgets in pubs, furtive traders today knock at the backdoor of upscale restaurants offering a new contraband: caviar. London's hordes of Russian oligarchs and hedge-fund yuppies have sent demand soaring for "black gold," with top varieties such as Beluga now selling for over $3,000 a kilo, whilst the rarest varieties, such as Almas ($50,000 per kilo), whose eggs are white, have a four-year waiting list. The soaring demand for sturgeon roe has created lucrative opportunities for "caviar cowboys," who sell illegally smuggled caviar to unscrupulous chefs...

Author: /time Magazine | Title: Caviar, Off the Back of a Truck | 8/13/2007 | See Source »

...Rising demand has been accompanied by dwindling sturgeon stocks. Experts estimate that sources of caviar have fallen by more than 90% since the late 1970s because of overfishing. The supply crunch looks set to get worse as a ban intended to replenish the stocks of the depleted Caspian sea, which supplies about 90 percent of the world's caviar, was rescinded earlier this year to the outrage of environmentalists...

Author: /time Magazine | Title: Caviar, Off the Back of a Truck | 8/13/2007 | See Source »

...despite ethical qualms - which have prompted some chefs to renounce it altogether - rich Londoners can't seem to get enough of the black stuff. Stuart Lyall, head chef of the Fishmarket restaurant sums up its status allure: "Demand for beluga, our top seller, is still very high... people have not been deterred from ordering it. It's still a very decadent choice...

Author: /time Magazine | Title: Caviar, Off the Back of a Truck | 8/13/2007 | See Source »

...restoration project under way, says Morris. And a big reason the Committee voted in the end to remove the Everglades, he adds, is that its list contains hundreds of other sites in far poorer countries - like war-ravaged nature sanctuaries in the Democratic Republic of the Congo - that demand the U.N.'s money and attention more than the Everglades does...

Author: /time Magazine | Title: Has Bush Abandoned the Everglades? | 8/10/2007 | See Source »

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