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Atlas Pearls Ltd (ASX:ATP)

ALERT: Price-sensitive ASX Announcement for ATP
Current share price for ATP : $0.090 -0.01 (-10%)+
Announcement
Release
5 Jun 2026 9:08AM
Price at Release
$0.100
Full Release
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Summary
Atlas Pearls Ltd held a successful auction in Kobe, Japan on June 2-3, 2026, selling 76,029 pearls at an average price of $55 per piece, generating a total revenue of $4.15 million. The company employs a proprietary Index Point system to evaluate pearl quality based on shape, grade, size, and color. The average Index Point per pearl sold was 18, with a price increase from $2.95 to $3.05 per Index Point compared to the previous auction. Despite a 78% sell-through rate, some smaller pearls were withheld due to unmet pricing expectations, reflecting a shift in demand towards larger pearls. CEO Michael Ricci noted the auction's satisfactory results and a modest improvement in pearl quality. The auction attracted 51 companies, and the company plans to expand its private sales to enhance market resilience.
Key Points
  • Kobe auction held on June 2-3, 2026.
  • 76,029 pearls sold at an average price of $55 per piece.
  • Total revenue of $4.15 million generated.
  • Atlas Pearls uses an Index Point system for quality assessment.
  • Average Index Point per pearl was 18.
  • Price per Index Point increased to $3.05 from $2.95.
  • 78% sell-through rate achieved.
  • Lower demand for 7 to 8 mm pearls, shift towards larger sizes.
  • 51 companies participated in the auction.
  • Focus on expanding private sales customer base.
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.