economy
February 5, 2026
World's largest jeweler jumps as CEO says firm wants to pivot from silver
Pandora, the world's largest jeweler by volume, rose in morning trading after the company addressed investor concerns about its reliance on silver.
TL;DR
- Pandora's stock increased following its announcement to introduce platinum-plated jewelry.
- The company aims to reduce its reliance on silver due to its price volatility.
- About 60% of Pandora's current business is based on silver.
- The price of silver has more than doubled over the past year, despite a recent dip.
- Pandora expects largely flat organic growth in 2026.
- The U.S. market, a significant portion of Pandora's business, is experiencing low consumer sentiment.
- Analysts have expressed concerns about Pandora's exposure to silver price fluctuations and pressured consumer spending.
- Pandora's stock has fallen approximately 60% in the past 12 months.
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