Hyderabad-based Sri Jagdamba Pearls opens its second store in Bengaluru, located at the Lulu Mall

The store opening was attended by Avanish Agarwal and Yash Agarwal, Managing Partners of the brand. The store has gold, diamond and pearl jewellery, and addresses the growing but underdeveloped pearl jewellery market in the city

Bengaluru: Hyderabad-based Sri Jagdamba Pearls has launched its second store in Bengaluru, located at the Lulu Mall. The store opening was attended by Avanish Agarwal and Yash Agarwal, Managing Partners of the brand, along with Deepak Kumar, Head of Retail and Marketing.

The new store showcases a variety of jewellery, including gold, diamond and pearl pieces. The design of the store focuses on providing an immersive shopping experience for customers, offering a mix of traditional and modern styles. The store also highlights the brand’s dedication to craftsmanship and quality, offering a range of products to suit different preferences.

Speaking at the launch, Avanish Agarwal expressed pride in the expansion beyond Hyderabad, and emphasized that the new store at Lulu Mall was in response to the positive feedback received from customers at the brand’s first Bengaluru location at Forum South. He highlighted the brand’s commitment to providing personalized service and custom-made jewellery options, as quoted by Hans India.

Agarwal also pointed out a gap in the jewellery market, especially in the pearl segment, which he believes has substantial growth potential but remains underdeveloped. He noted that only 8-10% of the jewellery market is organized, with pearls making up around 10-12% of the total market. Additionally, he mentioned that the global pearl jewellery market, valued at $8.5 billion in 2022, is projected to grow to $24.37 billion by 2030, presenting significant opportunities for expansion.

In addition to the store opening, Sri Jagdamba Pearls is running a buy one, get one free offer from December 20, 2024 to January 5, 2025. The promotion is designed to provide customers with access to quality jewellery at competitive prices.

Since its establishment in 1924, Sri Jagdamba Pearls has built a reputation for offering premium pearl and gemstone jewellery. The brand has earned trust from customers in India and abroad through its focus on quality, craftsmanship, and contemporary designs.

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