Atlas Pearls Reports Total Revenue of AU$7.5 Million from Pearl Auction in Japan

MT Newswires Live

04/14

Atlas Pearls (ASX:ATP) reported that total revenue from an auction of pearls held by the firm in Kobe, Japan on April 8 and April 9, amounted to AU$7.5 million, according to a Monday Australian bourse filing.

The firm presented 70,592 pearls and sold 58,345 pearls at an average price of AU$129 per piece, which was an increase from a price of AU$73 per piece in the previous auction in December 2024, the filing said.

Stock withheld from the April auction, amounting to around 12,000 pearls, is expected to realize better value via auction through other sales channels.

The next major auction will be held in Kobe in June, per the filing.

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