Malabar Gold & Diamonds inaugurates 2 new showrooms in MG Road, Bengaluru and Solapur, Maharashtra, India
- The inaugurations are part of the expansion plan of the group to open 22 new stores in January 2022
Malabar Gold & Diamonds, one of the largest jewellery retailers globally with a strong retail network of over 260 outlets spread across 10 countries, inaugurated 2 new showrooms in India at MG Road, Bengaluru and Solapur, Maharashtra on 7th and 9th January 2022 respectively. The Bengaluru store, which is the largest store of Malabar Gold & Diamonds in Karnataka was inaugurated by Chief Guest Mr. C N Ashwath Narayan, Minister of Science and Technology, Higher Education & IT, Biotechnology of Karnataka, in the presence of Mr. N A Haris MLA (Shantinagar Constituency), Kerala opposition leader Mr. V D Satheesan MLA, Mr. M P Ahammed (Malabar Group Chairman), Mr. Abdul Salam KP (Vice Chairman – Malabar Group), Mr. Shamlal Ahamed (Managing Director – International Operations, Malabar Gold & Diamonds), Mr. O Asher (Managing Director – India Operations, Malabar Gold & Diamonds) and other senior management officials. The store in Solapur, Maharashtra was inaugurated by Chief Guest Ms. Shrikanchana Yannam (Mayor of Solapur municipal corporation) in the presence of senior management officials and other dignitaries.
Both these showrooms are part of Malabar Gold & Diamonds’ global expansion plans for 2022 in which it will open 22 new showrooms in India and abroad in January. The Group will invest another USD 107.5 Million for this new phase of expansion this year.
Malabar Group chairman Mr. MP Ahammed said, “With 22 store launches in the month of January, we are all set to make an impactful beginning to the new year. As we continue our 28-year legacy of providing exceptional services and unmatched quality, our commitment to our customers will remain strong.”
Malabar Gold and Diamonds’ Artistry Store in Bengaluru is the first one in this phase of expansion. Spanning over 22,000 square feet and providing the largest array of jewellery in the heart of the city, the store is designed as a one-stop solution for jewellery needs. This large-format flagship store from Malabar Gold and Diamonds will showcase over 30,000 designs and offer a unique jewellery shopping ambience. The most distinguishing aspect of this store is the availability of the widest range of jewellery designs across gold, diamond, platinum and silver with a particular focus on craftsmanship. An impressive array of lightweight designs as well as an extensive range of studded and precious jewellery have also been curated for this purpose.
The store features an exclusive wedding lounge for prospective brides and also offers best-in-class personalized services including the assistance of solitaire experts and personal shoppers for an enhanced shopping experience. A bespoke suite for customization with the assistance of in-house designers and experts has also been arranged to provide a boutique experience in the store. Digital screens and endless aisle facilities contribute to the superior store ambience and provide an omnichannel experience to the customer. Additionally, the store ensures customer convenience with a large parking area and comfortable waiting areas.
With an area of 4000 sq ft, the Solapur store located at VIP Road offers a luxurious ambience and displays the latest designs crafted in 100% BIS hallmarked pure gold, diamonds, precious gemstones, silver and platinum. The store showcases a wide range of traditional Maharashtrian jewellery, bridal designs, Mangal sutras and antique jewellery. It also has dedicated areas to showcase popular sub-brands such as Ethnix hand-crafted jewellery, Mine diamond jewellery, Era uncut diamond jewellery, Precia gemstone jewellery, Zoul Lifestyle jewellery for millennials, Starlet kids jewellery and many more.
Malabar Group commits 5% of its profit to support socially responsible purposes both in India and abroad, since its inception in 1993. Education, health, women empowerment, affordable housing and environmental protection are the focus areas for the Group.
Malabar Gold & Diamonds is the flagship company of Malabar Group, a leading diversified Indian business conglomerate.
Established in 1993 in the Indian state of Kerala, Malabar Gold & Diamonds today has a strong retail network of over 260 outlets spread across 10 countries, 14 wholesale units in addition to offices, design centers and factories spread across India, Middle East, Far East & USA. With an annual turnover of $4.51 billion, the company currently ranks one among the largest jewellery retailers globally.
With 14 cluster manufacturing units in India and GCC – the company currently has 12 jewellery brands to cater to the discerning needs of customers. With headquarters in Kerala and branches across India, Middle East, Far East and USA, Malabar Group is best known for its activities in the field of gold, diamonds, silver and lifestyle articles.
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.
The group, owned by over 4,000 shareholders excels in quality products and services, has more than 13,000 professionals working for its continued success.
Malabar Gold & Diamonds also features an online store http://www.malabargoldanddiamonds.com providing customers the opportunity to purchase their favorite jewelry any time and on any day from the comfort of their home.
The group is always proactive when it comes to CSR initiatives right from its inception. The key focus areas of the CSR initiatives of Malabar Group are in the areas of Health, Education, Women Empowerment, Housing and Environment. The organization has kept aside 5% of its profit for enabling CSR activities in all the regions that they operate.