Set in 1960s Hong Kong, "Sisters of Pearl" centers on the daughters of a jewelry merchant vying for the heirship of their family business. The dying tycoon asks his eldest daughter Chu Pik-Wan to take over the company with the aid of second daughter Chu Pik-Ha, who has just returned home after the death of her husband, and the still-in-school youngest daughter Chu Pik-Lam.