Store Launch
Sri Jagdamba Pearls announced the opening of a new retail outlet in Inorbit Mall, Visakhapatnam on 27 October 2026. The store occupies 640 sq ft and was inaugurated in the presence of Mr. Lalit Ojha, Centre Director of Inorbit Mall (India) Pvt. Ltd.
Product Offering
The Visakhapatnam outlet presents a wide selection of gold, diamond and pearl jewellery. It features freshwater pearls as well as premium South Sea and Tahitian pearls, catering to both mid‑range and luxury customers. Contemporary collections named Ella, Eva and Ira are displayed, targeting younger consumers seeking versatile pieces suitable for everyday wear and special occasions.
Management Commentary
Mr. Avanish Agarwal, Managing Partner, described the launch as a significant milestone in the brand’s expansion beyond Hyderabad, noting confidence gained from the positive response in Bengaluru. He emphasized that pearls are increasingly being incorporated into daily styling, especially among younger buyers. Mr. Yash Agarwal, Managing Partner, highlighted the strategy of creating meaningful customer connections through personalised retail experiences and regionally relevant offerings, while integrating physical stores with digital channels for a seamless shopping experience. Mr. Deepak Kumar, Head – Retail & Marketing, observed a shift toward lightweight, contemporary pearl designs that can be styled for work, casual outings and celebrations.
Expansion Context
The Visakhapatnam store adds to Sri Jagdamba Pearls’ growing retail network, which already includes locations in Hyderabad, Bengaluru and a recent launch at Cochin International Airport. The brand, established in 1924, continues to blend its century‑old craftsmanship with modern designs to attract a new generation of jewellery enthusiasts.
Market Outlook
Industry estimates indicate that the Asia‑Pacific pearl jewellery market could expand from approximately USD 6.2 billion in 2025 to over USD 15.3 billion by 2032, with India and China expected to be key demand drivers. Changing consumer preferences toward accessible luxury and contemporary pearl designs are creating new opportunities for established jewellery brands.