Atlas Pearls Ltd: Kobe Auction June 2026 Update
Key points
- 76,029 pearls sold at an average price of $55/piece.
- Total revenue of $4.15 million.
- Average Index Point per pearl sold was 18.
- Average $/index point was $3.05, up from $2.95.
- Sell-through rate of 78%.
Full summary
Atlas Pearls Ltd (ASX: ATP) announced the results of its Kobe auction held on 2-3 June 2026. The auction sold 76,029 pearls at an average price of $55 per piece, generating total revenue of $4.15 million. The average Index Point per pearl sold was 18, with an average dollar per Index Point of $3.05, up from $2.95 in the previous auction. The auction achieved a sell-through rate of 78%, with 97,423 pearls presented and 76,029 sold. The CEO noted the auction's satisfactory results despite softer market conditions and lower demand for smaller pearls. The company plans to retain unsold pearls and direct them to appropriate channels for better returns.
Guidance
None
Outlook
None
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