RACELAND, La.  After five years, Tommy Fletcher and his alligator farming business are facing irreconcilable differences.

“It’s like a marriage,” he said. “It was a bumpy road, and then all of a sudden it was over.”

The alligator industry makes for an odd mix of hardy men on the bayou who smoke Camels and drive crumbling pickup trucks, and Paris and New York fashion setters who consider it reasonable to spend $12,000 on an alligator-strap watch.

This peculiar relationship worked well enough for decades, but it has soured as of late. Last year Louisiana farmers, who produce most of the world’s alligator skins, collected over 500,000 eggs from the wild. This year, for the first time, most farmers did not pick up any.

The economy is the lead culprit. Since the fall of 2008, even wealthy customers have begun balking at the price of alligator skin products, which can range from the expensive to the wildly expensive. Bumper crops in previous years, people in the industry say, left an oversupply just as the luxury market began to falter.