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In a stunning paradigm shift, the Indian jewellery industry is witnessing a groundbreaking disruption orchestrated by the dynamic entrepreneurs Dr Amol Patwari and Pallavi Mohadikar.
Pune, August 28, 2023: Through their visionary venture ‘Palmonas’, the adornment jewellery is being redefined with an ingenious blend of new-age gold and affordable luxury, resonating with elegance and innovation.
A confluence of expertise and vision
Palmonas, a direct-to-customer (D2C) startup, is the brainchild of Dr. Amol Patwari, a seasoned orthopaedic surgeon who leapt into entrepreneurship, and Pallavi Mohadikar, an alumna of the prestigious IIM Lucknow. This power couple has unveiled an awe-inspiring line of demi-fine jewellery with a blend of aesthetics, quality, and affordability.
Crafting gold-like magic
Crafted with meticulous attention to detail, each piece of Palmonas jewellery exemplifies the fusion of artistry and innovation. 18-carat gold is meticulously plated onto surgical stainless steel and sterling silver to create these pieces. The result is more than just jewellery; it’s a revelation. The duo’s ingenious approach has birthed the concept of New Age Gold, where a profound 2.5-micron thick layer of gold plating sets these creations apart from the conventional.
From concept to reality
The journey began with a casual conversation that sparked an idea that would ultimately transform into Palmonas. Dr. Amol’s medical expertise blended seamlessly with Pallavi’s business acumen; thus, the foundation was laid. Starting with 30 distinctive designs primarily focused on necklaces and earrings, the brand has swiftly evolved, boasting an impressive array of over 1000 distinct SKUs available on its website.
Bringing the two worlds together
Palmonas addresses a unique market gap by catering to a diverse audience. It appeals to discerning millennials, college-goers, and working women who seek the allure of gold without the exorbitant price tag. Unlike conventional gold jewellery that often remains locked away, these creations encourage self-expression. For this forward-thinking audience, gold is not just an investment but a statement.
Evolution of the strategic plan
Drawing from their prior entrepreneurial successes, particularly with ventures like IndoFash and Karagiri, Pallavi and Dr. Amol bring a wealth of experience to Palmonas. Having transitioned from a marketplace model to a brand-centric approach, their strategic insights and market understanding drive the brand’s meteoric rise. With a focused push toward the direct-to-consumer (D2C) strategy, the brand is poised to solidify its marketplace presence.
Paving the way forward
As the future unfolds, Palmonas remains committed to innovation and accessibility. Their plans include launching 9 Karat and 12 Karat gold products for everyday wear. This strategic move reflects the changing mindset of the Indian millennial population, who are increasingly inclined toward versatile and affordable jewellery options like Demi-fine. This transition from traditional gold investment into contemporary elegance signifies a seismic shift for the industry.
As a torchbearer, Palmonas illuminates the path toward a more inclusive and enchanting world of jewellery where aesthetics, quality, and accessibility converge. They paint a dazzling picture of what’s to come as they look forward to a future where Demi-fine jewellery reigns supreme.
Disclaimer: This article is not affiliated with Palmonas. It is a journalistic piece intended to highlight the innovative strides of Palmonas in the Indian jewellery industry.