MALABAR GOLD & DIAMONDS CONTINUES GLOBAL EXPANSION SPREE, LAUNCHES 14 SHOWROOMS INTERNATIONALLY.
With an impressive retail network of over 285 outlets spread out across 10 countries, Malabar Gold & Diamonds, the 6th largest jewellery retailer globally, in line with its aggressive expansion plan, has recently inaugurated 14 showrooms across India, Oman, KSA, Kuwait & Qatar. The inaugurated stores include 5 new showrooms and 9 renovated outlets.
- In India, the brand inaugurated 3 new showrooms in Hisar (Haryana), Kamala Nagar (Delhi) & Bareilly (Uttar Pradesh) and 2 renovated and restyled showrooms in South extension (Delhi), a one-of-its-kind artistry showroom, which was inaugurated by former Indian cricket player and MLA from East Delhi and in Kadapa (Andhra Pradesh).
- In Oman, the renovated and restyled showroom at Oman Avenues Mall was inaugurated by Bollywood actor and brand ambassador of Malabar Gold & Diamonds, Mr. Anil Kapoor. Two new showrooms in Nizwa and Ibri Lulu Hypermarkets were also opened in Oman.
- Malabar Gold & Diamonds relaunched 3 of its renovated and restyled showrooms in Qatar. The showrooms are located in Al Khor Mall, D Ring Road Lulu and Barwa Village.
- In Kuwait, the brand inaugurated 2 revamped showrooms, in Fahaheel Makkah Street & Dajeej Lulu.
- In KSA, the Malabar Gold & Diamonds showroom in Event Mall at Jeddah was also relaunched.
Providing a luxurious shopping experience to its customers, all the new showrooms of Malabar Gold & Diamonds will house an exquisite array of designs across gold and diamond jewellery in addition to a remarkable range of bridal jewellery, traditional jewellery, and daily wear jewellery in gold, diamond, platinum and precious gemstones. A diverse variety of collections suited for the many cultures and ethnic groups have been readily made available to meet all consumer demands. With distinct sections for everyday collections and designer jewellery, along with a full-scale range of studded & precious designs, Malabar Gold & Diamonds has made every effort to incorporate the affinities of every section of its customer base into its jewellery designs.
Commenting on the occasion, Malabar Group Chairman Mr. MP Ahammed said, “With every new showroom launch, we are inching towards our goal of become the leading jewellery retail brand in the world in terms of both showroom count and sales. While on this path, we have taken great care to maintain our standards of providing our customer with an immersive and luxurious jewellery shopping experience, which is one of the definitive features that set Malabar Gold & Diamonds apart. We wholeheartedly thank our beloved customers for their continued support”.
Well-known for maintaining transparency in business practices, the brand’s distinctive offerings like Fair Price Promise and reasonable making charges to jewellery, have resonated well with customers. Strengthening the brand’s commitment to its customers, Malabar Gold & Diamonds offers 10 promises, including fair price policy, a transparent price tag indicating stone weight, net weight and stone charge of the jewellery, assured lifetime maintenance for the jewellery, Zero-deduction gold exchange, jewellery exchange within 15 days, 916 hallmarking certifying the purity of gold, IGI and GIA certified diamonds ensuring 28-point quality check of global standards, buyback guarantee, responsible sourcing and fair labour practices.
As part of the group’s CSR initiative, Malabar Gold & Diamonds has announced that it will be allocating 5% of the profit earned by the store for various charitable and philanthropic activities in the region.
Malabar Gold & Diamonds
Malabar Gold & Diamonds was established in 1993 and is the flagship company of Malabar Group, a leading diversified Indian business conglomerate.
With an annual turnover of $4.1 billion, the company currently ranks as the 6th largest jewellery retailer globally and today has a strong retail network of over 285 outlets spread across 10 countries in addition to multiple offices, design centers, wholesale units and factories spread across India, Middle East, Far East & USA. The group, owned by more than 4,000 shareholders, has more than 14,000 professionals from over 26 countries working towards its continued success. Malabar Gold & Diamonds also features an online store www.malabargoldanddiamonds.com providing customers the opportunity to purchase their favorite jewelry at any time and on any day from the comfort of their homes.
The group also operates MGD – Lifestyle Jewellery, a retail concept offering trendy and light weight jewellery that represents the independent and the modern woman through its designs and collections.
CSR has been the primary commitment of the group since its inception; integrating ESG (Environmental, Social & Governance) principles into the core business. The key CSR focus areas of Malabar Group are Health, Education, Women Empowerment, Housing, and the Environment. The ESG goals of the organization are periodically strengthened by integrating responsibility and sustainability to remain a socially conscious and responsible organization. The group contributes 5% of its profit to such initiatives in the same country of operation-End
