05 April 2014
The planned expansion of Pandora, maker of customized sterling bracelets and gemstone charms, is the latest evidence of a thriving luxury jewelry sector that is being led by unique designs, according to Matt Allessio, senior manager in Kurt Salmon's Private Equity and Strategy practice. Pandora "has taken modern styling and modern trends with their jewelry, a lot of silver and gemstones and good use of color," he was quoted as telling the Baltimore Sun, adding that, "They've done it in an affordable way." Pandora has also been helped been a bounce-back in luxury purchases, said Allessio. During the recession, "there was a social stigma for people wearing flashy things," he said. "That's worn off."