Palmonas, India’s first demi-fine jewellery business co-owned by Bollywood star Shraddha Kapoor, has expanded its position in the Indian retail sector by opening a new store in Pune. This new site, the brand’s fifth, is in response to the increasing demand for affordable fine jewelry.
The 415-square-foot business is located on Tribeca High Street, a popular shopping center in Pune. It features a carefully picked variety of exquisite, inexpensive jewellery created exclusively for the modern woman. This growth demonstrates Palmonas‘ commitment to make demi-fine jewels available throughout the country.
Palmonas was founded in 2022 by Pallavi Mohadikar and Amol Patwari and has quickly garnered prominence in the jewellery business. With an incredible 200% year-on-year growth, the brand is primed for further expansion to continue its upward trajectory.
Palmonas‘ new store confirms its dedication to combining design, workmanship, and affordability, solidifying its place as a significant participant in India’s developing jewellery industry.
Girish Kamble, Regional CEO of Tribeca, expressed his enthusiasm for the new addition, stating, “Tribeca Highstreet is Pune’s largest high street, delivering a unique and diversified retail experience. The addition of Palmonas to our already remarkable portfolio, which includes Bluestone, CaratLane, Orazza, Mia by Tanishq, and Giva, will broaden our jewelry selections for our discerning clientele.”
Kamble also discussed the mall’s expansion, noting, “We’ve seen remarkable leasing momentum, and we envision Tribeca Highstreet as a unified hub that offers everything from luxury fashion and fine dining to the largest gaming arcade in the region.”