Palmonas, India’s first demi-fine jewellery brand co-owned by Bollywood actress Shraddha Kapoor, has further solidified its presence in the Indian retail market with the opening of a new store in Pune. This new location, the brand’s fifth store, comes in response to the growing demand for accessible luxury jewellery.

The 415-square-foot store is situated in Tribeca Highstreet, a prime shopping destination in Pune. It showcases a curated selection of elegant, affordable jewellery designed specifically for the modern woman. This expansion highlights Palmonas’ dedication to making demi-fine jewellery accessible across the country.

Founded in 2022 by Pallavi Mohadikar and Amol Patwari, Palmonas has quickly gained popularity in the jewellery market. With an impressive 200% year-on-year growth, the brand is poised for continued expansion to maintain its upward trajectory.

With this new store opening, Palmonas reaffirms its commitment to blending style, craftsmanship, and affordability, cementing its position as a key player in India’s evolving jewellery landscape.

Girish Kamble, Regional CEO of Tribeca, expressed excitement about the new addition, noting, “Tribeca Highstreet is Pune’s largest high street, offering a unique and diverse retail experience. The addition of Palmonas to our already impressive portfolio, which includes brands like Bluestone, CaratLane, Orazza, Mia by Tanishq, and Giva, will enrich our jewellery offerings for our discerning customers.”

Kamble also spoke about the mall’s growth, stating, “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.”