Malabar Gold & Diamonds Unveils its First Outlet in Indore, Madhya Pradesh.
With an impressive retail network of over 285 outlets across 10 countries, Malabar Gold & Diamonds, one of the largest jewellery retailers in the world, launched its first outlet in Indore, Madhya Pradesh, on the 25th of August, 2022. Located at MG Road, Indore, the store was inaugurated by Malabar Group Chairman, Mr.M.P Ahammed via virtual platform in the presence of other management team members of Malabar Gold & Diamonds and the chief guest for the occasion, Shri Shankar Lalwani, Member of Parliament, Indore, opened the outlet for customers.
Spread across 7000 sq ft, the new store provides a large variety of designs as well as fair prices for jewellery with reasonable making charges starting from just 8.8%. The store displays a remarkable range of bridal jewellery, traditional jewellery, and daily wear jewellery in gold, diamond, platinum and precious gemstones. It also showcases handpicked designs from the popular sub-brands of Malabar Gold and Diamonds such as Mine-diamond jewellery, Era-uncut diamond jewellery, Divine-Indian heritage jewellery, Ethnix-handcrafted jewellery collection, Precia-precious gemstone jewellery, Zoul-lifestyle jewellery, Viraz-Polki Jewellery etc.
The Indore showroom also offers a wide variety of collections to meet the varied demands of customers of different communities. The showroom showcases a wide selection of studded and premium jewellery along with thousands of lightweight jewellery designs.
Commenting on the momentous occasion, Malabar Group Chairman M.P Ahammed said, “Transparency and customer trust are the two basic pillars of our business philosophy. Our world-class services and customer-centric initiatives have helped us become one of the most trusted Indian jewellers across the world. We thank the people of Indore for giving us the opportunity to serve them.”
Known for maintaining transparency in business practices, the brand’s distinctive offerings like One India One Gold Rate which provides uniform gold rates across the country and Fair Price Promise which focuses on assigning reasonable making charges to jewellery, have resonated with customers. Both the initiatives are aimed at providing the best value for money to the customers.
Strengthening the brand’s commitment to its customers, Malabar Gold & Diamonds offers 10 promises, The Malabar Promises include a transparent price tag indicating 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, 100 per cent 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.
With over 285 stores across 10 countries, the global jewellery brand is foraying into new markets and strengthening its presence in markets across India with its ambitious retail expansion plan. The brand has won the most prestigious awards in the gems and jewellery industry – the Highest Employment on the Company Rolls and the Global Retailer of the Year award at the 48th India Gem & Jewellery Awards (IGJA) 2021, organized by Gem & Jewellery Export Promotion Council (GJEPC).
As part of the group’s CSR initiative, Malabar Gold & Diamonds will be allocating 5% of the profit earned by the Indore store towards various charitable and philanthropic activities in the region.
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 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. 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 14,000 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.