Australian south sea pearls

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Paspaley Reports 9% Sales Growth in HK Auction

1 April 2015
Demand for Australian South Sea pearls remains strong, judging
from the results of the 54th Paspaley Pearl Auction in March.
The auction generated nearly ¥1.032 billion ($8.54 million) in
sales, up 9 percent from the prior year, said Peter Bracher, executive
director of Paspaley Pearling Company.
“Compared to the March 2014 auction, total sales were 9 percent
higher and the average price in Japanese Yen per momme was 21
percent higher,” Bracher said. “The market is certainly stronger than
one year ago. This result was consistent with our expectations.”
The average price achieved was ¥13,692 ($113.34) per momme,
he continued.
Held on the sidelines of the HKTDC Hong Kong International
Jewellery Show, the auction sold 359 of the 517 lots offered.
According to Bracher, fine-quality round goods in both white and
gold, and stranding lots were most in demand. “The highlight of the
auction was a single piece of fine-quality baroque that sold for ¥3.5
million ($28,973),” he said.
The auction drew 101 companies representing more than 20
countries. Seventy-seven of those were successful in winning lots, with
the largest buyers coming from Hong Kong, Japan and China.
The next Paspaley auction is scheduled for June 22 to 24 in Hong
Kong, immediately prior to the June Hong Kong Jewellery & Gem Fair. JNA
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