World's largest jeweler jumps 7% as CEO says firm wants to pivot from silver

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.

"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."

This is breaking news. Please refresh for updates.