The recent threat to drop knitting from the curriculum on the Sheltand Islands has had a side-effect of attracting the media's attention onto the traditional crafts of spinning and knitting and brought into the open the question of whether the island should move to more indstrial techniques and increase production.
I've enjoyed this article on The Business of Fashion. While similar jumpers are mass-produced in China, those labeled "Made in Fair Isle" take over 100 hours to spin and knit and sell for over £600. Despite the high price tag for the genuine article, demand is outstripping supply.
Great article. Thanks for bringing it to our attention.