Night Markets
Esplanade
(http://www.nightmarkets.c...), 71-75 the esplanade. â +61 7 4051-7666. the night markets operate every night of the week till late. they are a collection of stalls catering mainly to tourists: you can buy lots of clothes, games and australiana.
Pearls
Of course, you can buy pearls everywhere and the price range is huge. in cairns you can find shops where you can buy real a-grade pearls from the torres strait - not cheap, but at the end more than fair in comparison to the european or us prices for the same quality level.