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Atlas Pearls Ltd (ASX:ATP)

ALERT: Price-sensitive ASX Announcement for ATP
Current share price for ATP : $0.093 -0.107 (-53.50%)+
Announcement
Release
3 Oct 2025 6:46PM
Price at Release
$0.200
Full Release
download
Summary
Atlas Pearls Ltd provided an update on the auction held in Kobe, Japan on 29-30 September 2025. During this auction, 67,488 pearls were sold at an average price of $60 per piece, generating a total revenue of $4 million. The auction utilized an internal Index Point system to evaluate the quality of pearls, which saw an average index point of 18, slightly lower than previous auctions. Despite a reduced average dollar per index point, the auction resulted in a high sell-through rate of 92.6%. The company's strategy involved retaining some pearls for alternative sales channels to optimize returns. The event's success highlights Atlas Pearls' strong market presence and pricing strategy, maintaining robust engagement from international buyers both onsite and online.
Key Points
  • 67,488 pearls sold at $60 each, total revenue $4 million.
  • Average index point per pearl was 18.
  • Average dollar per index point dropped from $4.08 to $3.56.
  • High sell-through rate of 92.6%.
  • Alternative sales channels planned for unsold pearls to optimize returns.
  • Strong market presence and competitive bidding noted.
  • Next major auction scheduled in Kobe for December 2025.
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.