Kula, also known as the kula exchange or kula ring, is a ceremonial exchange system conducted in the Milne Bay Province of Papua New Guinea.
The Kula ring spans 18 island communities of the Massim archipelago, including the Trobriand Islands and involves thousands of individuals. Participants travel at times hundreds of miles by canoe in order to exchange Kula valuables which consist of red shell-disc necklaces (veigun or soulava) that are traded to the north (circling the ring in clockwise direction) and white shell armbands (mwali) that are traded in the southern direction (circling counterclockwise). If the opening gift was an armshell, then the closing gift must be a necklace and vice versa. The terms of participation vary from region to region. Whereas on the Trobriand Islands the exchange is monopolised by the chiefs, in Dobu all men can participate.
Read more about Kula Ring: Items For Trade, Method of Trading, Play By The Rules, Trading and The Social Hierarchy, Gift Versus Commodity Exchange
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