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Atlas Pearls Ltd (ASX:ATP)

ALERT: Price-sensitive ASX Announcement for ATP
Current share price for ATP : $0.081 -0.114 (-58.46%)+
Announcement
Release
15 Dec 2025 8:20AM
Price at Release
$0.195
Full Release
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Summary
Atlas Pearls Ltd provided an update on their Kobe auction held in December 2025, where 64,435 pieces of pearls were sold at an average price of $80 per piece, resulting in total revenue of $5.1 million. The average Index Point per pearl was 30, although the dollar per index point decreased to $2.61 from $3.50 in the previous auction. The event had a 76% sell-through rate, with some stock withheld due to unmet pricing expectations, which will be redirected to value-add sales channels. The auction reflected a high quality of pearls, but lower demand from customers, particularly in Asia, influenced pricing. The CEO, Michael Ricci, noted a lower harvest quality index for the first half of FY26, contributing to reduced prices but anticipated improvement in quality with future harvests. The company plans to hold the next major auction in Kobe in March 2026.
Key Points
  • Kobe auction in December 2025 sold 64,435 pieces at an average price of $80 per piece.
  • Total revenue from the auction was $5.1 million.
  • Average Index Point per pearl sold was 30.
  • Dollar per index point fell to $2.61 from $3.50 in the previous auction.
  • The sell-through rate was 76%.
  • Lower demand from customers, particularly in Asia, affected prices.
  • Next major auction will be held in Kobe in March 2026.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.