Key points
- Kobe auction sold 50,818 pearls at an average price of $75.90/piece.
- Total revenue from the auction was $3.86 million.
- Average Index Point per pearl sold was 29.67.
- Average price per Index Point was $2.56, down from $3.05 at the previous auction.
Full summary
Atlas Pearls Ltd (ASX: ATP) has reported the results of its Kobe auction held on 1st and 2nd September 2026. The auction sold 50,818 pearls out of 81,176 presented, achieving a total revenue of $3.86 million at an average price of $75.90 per piece. The average Index Point per pearl sold was 29.67, with an average price per Index Point of $2.56, reflecting a decrease from $3.05 at the June 2026 auction. The auction's sell-through rate was 63%, with the remaining stock withheld due to bids not meeting the company's pricing expectations. Atlas Pearls plans to sell the unsold stock through alternative channels. The auction was well-attended, with 52 companies participating, either in person or online. Buyer behavior was selective ahead of the Hong Kong Jewellery Fair, with many customers carrying higher inventory levels.
Guidance
Atlas Pearls Ltd expects to generate satisfactory results through private sales channels.
Outlook
Atlas Pearls Ltd will continue to monitor performance across all sales channels and optimize product allocation to maximize returns. The company will participate in the Hong Kong Jewellery Fair to offer products through private appointments.