Have you seen the pearl price achieved during last month's auction? $129 Vs $102 in Dec 2023.
Yes ATP sold fewer pearls than Dec 2023, but they are selling more pearls via other channels for better pricing. Unlike Dec 2023, where next auction was 4 months later, June 2025 auction is coming up soon and we are likely to get good pricing again.
i also believe pearl pricing is loosely coupled with Gold and so I believe we will get good prices in June (my personal view and can be completely wrong).
I conclude by saying that in my personal opinion ATP will most likely post similar results to 2024 if not better.
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