World's largest jeweler jumps as CEO says firm wants to pivot from silver

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Pandora, the world’s largest jeweler by volume, rose in morning trading Thursday after the company addressed investor concerns about its reliance on silver.

Copenhagen-listed shares were up as much as 7% after it guided for largely flat organic growth in 2026 alongside its quarterly earnings report, and said it would introduce platinum-plated jewelry after the price of silver

had more than doubled over the past year. Shares were last seen trading 5.5% higher.

“If you look at our volatility of silver, one of the things that we have to [do] for the company is to decouple that from the silver trading,” CEO Berta de Pablos-Barbier told CNBC’s “Squawk Box Europe.”