World’s largest jeweler bets on platinum despite falling silver prices, CEO tells CNBC

#World #CNBC #Pandora

Pandora is moving ahead with platinum-plated jewelry as it seeks to reduce its exposure to volatile silver prices despite the metal's recent decline.

Pandora is pushing ahead with plans to replace some sterling-silver jewelry with platinum-plated alternatives even after silver prices retreated from their highs, the CEO told CNBC.

It comes as the Danish jeweler seeks to permanently reduce its exposure to volatile precious-metal prices.

But CEO Berta de Pablos-Barbier said on Thursday that it was continuing with this push, despite the fact price has since fallen.

"We are diversifying our portfolio of materials, and this is about making a Pandora that is going to be more flexible and offering diverse materials for our consumer," she told CNBC's "Squawk Box Europe."

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