Shares of Danish jewelry maker Pandora fell sharply, marking their largest decline since April, following the company's warning of weak demand in Europe and ongoing uncertainty related to tariffs. The company's second-quarter results missed market expectations, leading to a drop of approximately 12% to 17% in its stock price on the Copenhagen Stock Exchange. Despite the challenges in Europe, U.S. consumer demand for jewelry remains robust, with American shoppers continuing to drive sales growth amid tariff pressures. In response to the market conditions, Pandora announced plans to increase prices on its jewelry products once again.