Malabar Gold & Diamonds inaugurates 2 new showrooms in Bengaluru and Andhra Pradesh, India
Malabar Gold & Diamonds, one of the largest jewellery retailers globally with a strong retail network of over 280 outlets spread across 10 countries, inaugurated 2 new showrooms in Banashankari, Bengaluru, and Ongole, Andhra Pradesh. The Banashankari showroom was inaugurated by Shri R Ashoka – Revenue Minister (Govt of Karnataka), while the Ongole showroom was virtually inaugurated by Mr. M. P Ahammed, Chairman, Malabar Group in the presence of K.P. Abdul Salam, Vice Chairman, Malabar Group; Shamlal Ahamed, Managing Director, International Operations, Malabar Gold & Diamonds; O Asher, Managing Director, India Operations, Malabar Gold & Diamonds, senior management team members and well-wishers. ZP chairperson Buchepalli Venkayamma and Ongole mayor Gangada Sujatha jointly opened the Ongole showroom for customers.
Both the showrooms offer a wide range of gold, diamond, and precious gemstone jewellery, and specially curated traditional and contemporary bridal collections in a luxurious ambience and space.
Malabar Group Chairman MP Ahammed said, ‘We are delighted to provide an all-new jewellery shopping experience to our customers in Banashankari and Ongole. We are thankful for their support, which has allowed us to grow and improve our services. Our new stores will provide customers with a world-class shopping experience, superior craftsmanship, and a wide variety of designs suitable for every occasion’.
Malabar Gold & Diamonds is always committed to maintaining transparency at the highest level in business practices. Malabar Gold and Diamonds has introduced Fair Price Promise as part of its commitment to customers, which focuses on assigning reasonable making charges to a vast range of products. Moreover, Malabar Gold & Diamonds offers 10 promises to its customers. The commitments include a transparent price tag indicating the exact manufacturing cost, stone weight, net weight and stone charge of the jewellery, assured lifetime maintenance for the jewellery, 100 per cent value for gold when reselling old gold jewellery and zero deduction on exchange, 100 percent 916 hallmarking certifying the purity of gold, IGI and GIA certified diamonds ensuring 28-point quality check of global standards, buyback guarantee, jewellery exchange within 15 days, responsible sourcing and fair labour practices.
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 280 outlets spread across 10 countries in addition to multiple offices, design centers, wholesale units 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 manufacturing units in India and GCC – the company currently has 12 exclusive 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.
Malabar 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 from over 26 countries working for 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.
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.