{"id":112227,"date":"2026-02-06T16:00:38","date_gmt":"2026-02-06T13:00:38","guid":{"rendered":"https:\/\/www.capitalfm.co.ke\/business\/?p=112227"},"modified":"2026-02-06T16:01:03","modified_gmt":"2026-02-06T13:01:03","slug":"pandora-to-switch-from-silver-to-platinum-over-price-surge","status":"publish","type":"post","link":"https:\/\/www.capitalfm.co.ke\/business\/2026\/02\/pandora-to-switch-from-silver-to-platinum-over-price-surge\/","title":{"rendered":"Pandora to switch from silver to platinum over price surge"},"content":{"rendered":"<div class=\"sc-9cd5bb24-0 cmjZrf\" data-component=\"headline-block\">\n<div class=\"sc-cd6075cf-0 DQtHs\">\n<div class=\"sc-82b3c53b-0 gmICnp\"><\/div>\n<\/div>\n<\/div>\n<div class=\"sc-9cd5bb24-0 jTWPCV\" data-component=\"image-block\">\n<figure class=\"sc-cd6075cf-0 laOREU\">\n<div class=\"sc-82b3c53b-0 ciXMDU\">\n<div class=\"sc-5340b511-1 cMIbKV\" data-testid=\"hero-image\"><\/div>\n<\/div>\n<\/figure>\n<\/div>\n<div class=\"sc-9cd5bb24-0 lmzibM\" data-component=\"text-block\">\n<div class=\"sc-cd6075cf-0 DQtHs\">\n<div class=\"sc-82b3c53b-0 IAFLu\">\n<p class=\"sc-9a00e533-0 eZyhnA\"><strong>FEB 6 &#8211; Jeweller Pandora has said it will switch from using silver in some of its ranges to platinum-plating following a dramatic increase in prices.<\/strong><\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"sc-9cd5bb24-0 lmzibM\" data-component=\"text-block\">\n<div class=\"sc-cd6075cf-0 DQtHs\">\n<div class=\"sc-82b3c53b-0 IAFLu\">\n<p class=\"sc-9a00e533-0 eZyhnA\">Silver has seen its price more than double over the past year, with other precious metal prices also surging.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"sc-9cd5bb24-0 lmzibM\" data-component=\"text-block\">\n<div class=\"sc-cd6075cf-0 DQtHs\">\n<div class=\"sc-82b3c53b-0 IAFLu\">\n<p class=\"sc-9a00e533-0 eZyhnA\">Pandora&#8217;s chief executive said its aim was not to make all jewellery platinum-plated, but silver will be reduced to around 25% of its offerings as it seeks to reduce its exposure to the metal given the recent price volatility.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"sc-9cd5bb24-0 lmzibM\" data-component=\"text-block\">\n<div class=\"sc-cd6075cf-0 DQtHs\">\n<div class=\"sc-82b3c53b-0 IAFLu\">\n<p class=\"sc-9a00e533-0 eZyhnA\">The Danish firm, one of the world&#8217;s biggest jewellery retailers, currently makes the majority of its jewellery from silver.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"sc-9cd5bb24-0 fSZbnz\" data-component=\"advertisement-block\">\n<div class=\"sc-cd6075cf-0 DQtHs\">\n<div class=\"sc-82b3c53b-0 fAzFNb\">\n<div class=\"sc-218230f8-1 hGiAZc\" data-testid=\"ad-unit\" data-component=\"ad-slot\">\n<div id=\"dotcom-mid_1\" class=\"dotcom-ad active\" data-testid=\"dotcom-mid_1\" aria-hidden=\"true\">\n<div class=\"dotcom-ad-inner\">\n<div class=\"dotcom-ad-text-wrapper\">Although platinum is more expensive than silver per ounce, Pandora says it will create an alloy, which would make it cheaper to use.<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"sc-9cd5bb24-0 lmzibM\" data-component=\"text-block\">\n<div class=\"sc-cd6075cf-0 DQtHs\">\n<div class=\"sc-82b3c53b-0 IAFLu\">\n<p class=\"sc-9a00e533-0 eZyhnA\">It said over time, parts of its silver ranges will shift to becoming platinum-plated, using its own metal alloy called Evershine, which it is already currently using for its gold-plated products.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"sc-9cd5bb24-0 lmzibM\" data-component=\"text-block\">\n<div class=\"sc-cd6075cf-0 DQtHs\">\n<div class=\"sc-82b3c53b-0 IAFLu\">\n<p class=\"sc-9a00e533-0 eZyhnA\">&#8220;Pandora has always been clever at marketing,&#8221; said jewellery historian Vivienne Becker.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"sc-9cd5bb24-0 lmzibM\" data-component=\"text-block\">\n<div class=\"sc-cd6075cf-0 DQtHs\">\n<div class=\"sc-82b3c53b-0 IAFLu\">\n<p class=\"sc-9a00e533-0 eZyhnA\">&#8220;Platinum has obviously got an elitist image, so people will still get that feeling of preciousness,&#8221; she says, even if it is based on an alloy.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"sc-9cd5bb24-0 lmzibM\" data-component=\"text-block\">\n<div class=\"sc-cd6075cf-0 DQtHs\">\n<div class=\"sc-82b3c53b-0 IAFLu\">\n<p class=\"sc-9a00e533-0 eZyhnA\">She adds there is a consumer shift towards white metals in jewellery as the price of gold surges.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"sc-9cd5bb24-0 lmzibM\" data-component=\"text-block\">\n<div class=\"sc-cd6075cf-0 DQtHs\">\n<div class=\"sc-82b3c53b-0 IAFLu\">\n<p class=\"sc-9a00e533-0 eZyhnA\">Pandora said that it would introduce the new platinum-plated range in 2026 before rolling it out more broadly.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"sc-9cd5bb24-0 lmzibM\" data-component=\"text-block\">\n<div class=\"sc-cd6075cf-0 DQtHs\">\n<div class=\"sc-82b3c53b-0 IAFLu\">\n<p class=\"sc-9a00e533-0 eZyhnA\">It added in the short-term it would use third parties to plate its platinum jewellery, before moving to its sites in Thailand and Vietnam &#8220;with the aim of reducing silver exposure and commodity sensitivity over time&#8221;.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"sc-9cd5bb24-0 lmzibM\" data-component=\"text-block\">\n<div class=\"sc-cd6075cf-0 DQtHs\">\n<div class=\"sc-82b3c53b-0 IAFLu\">\n<p class=\"sc-9a00e533-0 eZyhnA\">Pandora said in its financial results it wanted the pivot to platinum to be completed by 2028.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"sc-9cd5bb24-0 lmzibM\" data-component=\"text-block\">\n<div class=\"sc-cd6075cf-0 DQtHs\">\n<div class=\"sc-82b3c53b-0 IAFLu\">\n<p class=\"sc-9a00e533-0 eZyhnA\">It said platinum would &#8220;deliver improved everyday-wear performance compared to silver&#8221; and its own consumer testing showed people had &#8220;high acceptance&#8221; of the hardy metal.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"sc-9cd5bb24-0 hoFfRa\" data-component=\"embed-block\">\n<div class=\"sc-cd6075cf-0 DQtHs\">\n<div class=\"sc-82b3c53b-0 gmICnp\">\n<div>\n<div class=\"sc-3b6b161a-0 blRtiO\">\n<div class=\"sc-afbb24a9-0 hNUNEB\" data-testid=\"include-with-script\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"sc-9cd5bb24-0 lmzibM\" data-component=\"text-block\">\n<div class=\"sc-cd6075cf-0 DQtHs\">\n<div class=\"sc-82b3c53b-0 IAFLu\">\n<p class=\"sc-9a00e533-0 eZyhnA\">Chief executive Berta de Pablos-Barbier told the FT as a &#8220;highly desirable jewellery brand&#8221; it was &#8220;highly frustrating&#8221; the firm was considered a silver trading company, saying she wanted Pandora to move away from being &#8220;so linked&#8221; to one commodity.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"sc-9cd5bb24-0 lmzibM\" data-component=\"text-block\">\n<div class=\"sc-cd6075cf-0 DQtHs\">\n<div class=\"sc-82b3c53b-0 IAFLu\">\n<p class=\"sc-9a00e533-0 eZyhnA\">The price of silver, Pandora&#8217;s main raw material, hit record highs in January before falling back down, but remains higher than it was a year ago.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"sc-9cd5bb24-0 lmzibM\" data-component=\"text-block\">\n<div class=\"sc-cd6075cf-0 DQtHs\">\n<div class=\"sc-82b3c53b-0 IAFLu\">\n<p class=\"sc-9a00e533-0 eZyhnA\">The firm said that the surging price had a &#8220;temporary impact on earnings&#8221; by eating into its profits.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"sc-9cd5bb24-0 hoFfRa\" data-component=\"image-block\">\n<figure class=\"sc-cd6075cf-0 laOREU\">\n<div class=\"sc-82b3c53b-0 gmICnp\">\n<div class=\"sc-5340b511-1 cMIbKV\" data-testid=\"image\"><img decoding=\"async\" class=\"sc-5340b511-0 hLdNfA\" src=\"https:\/\/ichef.bbci.co.uk\/news\/480\/cpsprodpb\/b6df\/live\/65aa4ae0-0342-11f1-9d05-c7b737bbaef1.jpg.webp\" alt=\"Getty Images A Pandora charm bracelet with bright turquoise stones and a silver band. \" \/><span class=\"sc-5340b511-2 jVqbAn\">Getty Images<\/span><\/div>\n<\/div>\n<div class=\"sc-82b3c53b-0 gmICnp\">\n<div class=\"sc-82b3c53b-0 gmICnp\"><\/div>\n<\/div><figcaption class=\"sc-536eff7b-0 gnQokQ\">Pandora&#8217;s charm bracelets are one of its most well-known items<\/figcaption><\/figure>\n<\/div>\n<div class=\"sc-9cd5bb24-0 lmzibM\" data-component=\"text-block\">\n<div class=\"sc-cd6075cf-0 DQtHs\">\n<div class=\"sc-82b3c53b-0 IAFLu\">\n<p class=\"sc-9a00e533-0 eZyhnA\">The firm is well known for its charm bracelets and has a presence in upmarket malls across the world.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"sc-9cd5bb24-0 lmzibM\" data-component=\"text-block\">\n<div class=\"sc-cd6075cf-0 DQtHs\">\n<div class=\"sc-82b3c53b-0 IAFLu\">\n<p class=\"sc-9a00e533-0 eZyhnA\">Precious metals like gold and silver have rallied recently as investors seek a safe haven asset amidst geopolitical uncertainty across the world, although there are more factors that affect silver&#8217;s price than other metals.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"sc-9cd5bb24-0 lmzibM\" data-component=\"text-block\">\n<div class=\"sc-cd6075cf-0 DQtHs\">\n<div class=\"sc-82b3c53b-0 IAFLu\">\n<p class=\"sc-9a00e533-0 eZyhnA\">&#8220;Silver is tied to global economic health. It&#8217;s used in the manufacture of electronics and medical equipment, solar panels and batteries which means demand for the metal from industry ebbs and flows according to how fast the world&#8217;s economy is growing,&#8221; says Danni Hewson, head of financial analysis at AJ Bell.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"sc-9cd5bb24-0 lmzibM\" data-component=\"text-block\">\n<div class=\"sc-cd6075cf-0 DQtHs\">\n<div class=\"sc-82b3c53b-0 IAFLu\">\n<p class=\"sc-9a00e533-0 eZyhnA\">&#8220;Designated a critical mineral by the US at the end of last year, the price jumped in January after China tightened its export controls leading investors to ponder the impact on already stretched global supplies,&#8221; she adds.<\/p>\n<p><strong>By BBC<\/strong><\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Silver has seen its price more than double over the past year, with other precious metal prices also surging.<\/p>\n","protected":false},"author":13285,"featured_media":112228,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[26191,26192,381,24064,4258,7204],"coauthors":[701],"class_list":["post-112227","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world","tag-pandora","tag-platinum","tag-price","tag-silver","tag-surge","tag-switch"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.7.1 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Pandora to switch from silver to platinum over price surge - Capital Business<\/title>\n<meta name=\"description\" content=\"Silver has seen its price more than double over the past year, with other precious metal prices also surging. 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