Atlas Pearls Ltd (AU:ATP) has released an update.
Atlas Pearls Ltd reports a successful pearl auction in Kobe, Japan, with sales totaling 73,915 pearls at an average price of $64.93 each, matching the performance of the previous auction in April. The company strategically withheld approximately 22,000 pearls from the auction to leverage alternative sales channels, which is expected to enhance their value. CEO Michael Ricci expresses satisfaction with the consistent pricing and outlines plans to grow revenue through diversified sales channels beyond auctions.
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