This is a terrific announcement. Great to see that the price of pearls has steadied at a price higher than historical averages.
Holding excess pearls in the April auction seems to be a masterstroke, now that they have sold them for higher prices through other channels.
Can’t fault management. They continue to make excellent decisions.
Strong income during this quarter would suggest that divvies will continue.
Let’s hope the SP is rewarded for this great announcement.
Ann: Update - Kobe Auction June 2024, page-6
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