I've read that for pearling to happen the water needs to be saturated with O2. Otherwise the O2 coming out of the plants dissolves into the water without pearling. I can't weigh in on the merits of that statement though 
I too have a well-lit, CO2 injected planted tank and I don't get much pearling despite a lot of plant growth. I typically see pearling only when I've cut a stem or leaf.
I too have a well-lit, CO2 injected planted tank and I don't get much pearling despite a lot of plant growth. I typically see pearling only when I've cut a stem or leaf.