10 Best Jewellery Shops in Chennai
Chennai is one the best places to buy gold jewellery in India also it's having lots of branded jewellery shops in chennai. For consumers from all over the Tamil Nadu and south Andhra Pradesh, Chennai is a great shopping destination for weddings and festivals.
Akshaya Tritiya offers are very attractive in Jewellery stores across Chennai. From waivers in wastage to discount on diamond and other gem stones, jewellery showrooms run huge promotions to attract customers in the most auspicious season to buy gold ornaments. While most gold shops in chennai are target niche customers, the big ones cater to middle class who are price conscious and very particular about wastage charges which add up to the price of gold.
How to select which one is the best gold jewellery shop in chennai? That's the reason we have analysed some of the big brand players in the space and here we have listed the top 10 best jewellery shops in chennai.
Kalyan Jewellers in T Nagar, Chennai is the Flagship store of the famous Jeweler store. Kalyan introduced the fixed price model practice without price negotiations thus making it a level playing field for all kinds of customers. While Joyalukkas in Prashanth Gold Towers in North Usman road is very popular among the affluent population of Chennai, it has less choice compared to GRT Jewellers in Chennai.
Lalitha Jewellery revolutionized the jewellery purchase once for all by slashing the wastage close to zero levels for some models. The maximum wastage is less than 8% in Lalitha while in GRT it can go up to 20% for Calcutta models. For example, if you buy jewellery worth 1 Lakh, the difference in wastage between the best and the worst can save you more than 10,000 rupees.
In Chennai, most big Jewellers are located in T Nagar in Usman Road and Ranganathan Street.
However, the rise of many sub-urban regions in Chennai such as Anna Nagar, Tambaram, Chromepet, Adyar and Old Mahabalipuram have prompted Jewellers like GRT, Jayachandran, Nathella and Kalyan to open branches in these fast growing locations.
Little Nathella, a concept with kids in mind has been very successful for Nathella which opened a new branch in Tambaram following the huge success of Little Nathella. Khazana jewellery which operated its only branch from cathedral road for many years opened its second branch in Velachery which now runs a promotion called “Bangle Mela” every season.
Old Jewellers like Vimmudi Bangaru Chetty and NAC are also now attracting new customers despite their rich and loyal customers for many decades. More than ever, designs take priority to others factors like low wastage and purity gold stores in chennai. Malabar jewellery went on a advertising spree with its “Brides of india” concept featuring a line of collections targeted for the lucrative wedding theme. While the young don’t worry about wastage, the cost conscious elders in the family visit mostly gold stores which charge less wastage. Lalitha jewellery gained its lost ground just by targeting customers who prefer cost to design. Prince jewellery is an old favorite among the affluent, but it operates very few branches.
Tanishq Jewellers promoted by the TATA group runs its flagship store in North Usman road just opposite to GRT. Besides customers from Chennai and its sub-urbs and Andhra, Jewellers from Chennai attract regular NRI shoppers from Malaysia and Singapore. In Pallavaram Bazaar, Shanthi jewellery, a jewellery showroom in chennai run for over 5 decades has been renovated to attract customers from South Chennai.
Kirtilals is a favorite among Diamond jewellery fans. Palsani and Mehta also run gold showrooms with designs that use precious stones like Diamond, Ruby, Pearls, Emerald etc. Lucky stones have a big market targeted by KP Jewellers, a pioneer in the concept. Sree Gold has lot of North Indian customers in Chennai.
The Gold Savings scheme run by popular showrooms is a win-win scheme for both. GRT introduced the concept two decades back enabling middle class to buy Gold ornaments through their savings. By locking Gold at the current price, customers can hedge their savings from future rise in Gold prices. Traditionally, dowry is given in the form of Gold ornaments, so there is huge burden for the middle class whenever they plan marriage for their kith and kin.