While rising costs are squeezing Pandora's margins from one side, a deteriorating macroeconomic backdrop is hitting it from the other.

While rising costs are squeezing Pandora's margins from one side, a deteriorating macroeconomic backdrop is hitting it from the other.

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

The jeweller says it wants to reduce its exposure after the cost of the precious metal has risen.