Hongqiao, or Pearl Market, is full of tourist goods, knockoff handbags, and cheap watches, but it's best known for its three stories of pearls. Freshwater, seawater, black, pink, white: The quantity is overwhelming, and quality varies by stall. Prices also range wildly, though the cheapest items are often fakes. Fanghua Pearls (No. 4318), on the fourth floor, displays quality necklaces and earrings, with photos of Hillary Clinton and Margaret Thatcher shopping there to prove it. Fanghua has a second store devoted to fine jade and precious stones. Stallholders in the market can be pushy, but try to accept their haggling in the gamelike spirit it's intended. Or wear headphones and drown them out.
9 Tiantan Lu, east of the northern entrance to Temple of Heaven, Beijing, 100061, China