Pandora charms could be about to get more expensive. Here’s why

• Pandora reported a 9 per cent decline in its UK sales, attributing the downturn to price increases implemented due to soaring silver and gold costs.
• Globally, the Danish jewellery brand saw its total revenues climb by 3 per cent on a like-for-like basis, reaching 7.1 billion Danish kroner (£820 million).
• The company is bracing for a 450 million Danish krona (£52 million) financial impact next year as a direct result of US tariffs.
• To mitigate the tariff costs, Pandora is exploring measures such as switching sources of supply and shipping jewellery directly to Canada and Latin America, bypassing its US warehouse.
• Pandora has already implemented several price rises since October 2024 in response to higher prices and is considering further increases to offset the impact of tariffs.

IN FULL

Jewellery retailer to raise prices amid falling sales