Alligator skin prices have dropped so significantly, some breeders have decided to add value to their wares by producing finished leathergoods rather than selling the skins as they are.

Florida-based All American Gator was selling its skins to companies such as Hermes and Gucci for $57 per square-foot just two years ago. However, with prices now down to between $12 and $15 dollars, the company has now decided to make its own finished products for retail including garments, footwear and small leathergoods.

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