Pandora Selloff Hits $7 Billion as a Horrible Year

The world’s biggest jewelry maker had another very bad day on the stock exchange, bringing lost market value this year to almost $7 billion.

Pandora Charms UK Sale Shares in Pandora A/S, which is based in Copenhagen, plunged 12 percent on Wednesday after brokerage Carnegie warned clients to brace for bad news in the fourth quarter, and for a “tough” 2019.

cheap pandora disney charms uk A spokesman for Pandora declined to comment. The company dropped its long-term sales target last month and is due to present its 2019 outlook in connection with its annual report, on Feb. 5.

Pandora UK Outlet Store The Danish company, which makes mid-priced baubles such as bracelets and necklaces, has struggled in both the U.S. and China, two of its most important markets. Carnegie says there’s little evidence things are improving. With the latest market selloff, the company is now worth less than $5 billion, compared with $18 billion at its peak in 2016.