MALABAR GOLD & DIAMONDS CONTINUES AMBITIOUS EXPANSION DRIVE; LAUNCHES 4 NEW SHOWROOMS ACROSS INDIA
- The 4 new showrooms have been opened in Surat (Gujarat), Vapi (Gujarat), Vizianagaram (Andhra Pradesh) and Avadi (Tamil Nadu)
With an extensive network of over 310 outlets across 10 countries, Malabar Gold & Diamonds, currently ranked as the 6th largest jewellery retailer in the world, inaugurated 4 new showrooms in India. Kicking off the year-long celebrations for the brand’s 30th anniversary, the showrooms have been opened in the cities of Surat (Gujarat), Vapi (Gujarat), Vizianagaram (Andhra Pradesh) and Avadi (Tamil Nadu).
The showrooms at Vizianagaram in Andhra Pradesh and Avadi in Tamil Nadu was inaugurated by Indian film actress Ms. Tamannah Bhatia.
The showrooms at Surat and Vapi in Gujarat were inaugurated by Malabar Group Chairman Mr. M P Ahammed via virtual platform. Mrs. Darshana Jardosh, Minister of State for Railways and Textiles, Government of India, opened the showroom at Surat to the customers while the showroom at Vapi was opened to the customers by Mr. Kanubhai Desai, Cabinet Minister of Finance, Energy and Petrochemicals, government of Gujarat. The inaugurations were conducted in the presence of senior Malabar Gold & Diamonds management team members, prominent politicians, customers and well-wishers.
Malabar Gold & Diamonds currently operates 21 showrooms in Tamil Nadu, 16 showrooms in Andhra Pradesh and 5 showroom in Gujarat. The new showrooms have been designed to provide customers with an immersive jewellery shopping experience, showcasing an exquisite array of designs across 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 in the country 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, the outlets feature a unique miscellany of Polki collection as well.
“As Malabar Gold & Diamonds steps into its 30th year, I am extremely proud of the fact that as a brand, we have stuck to our core mission of providing our customers across the world with a phenomenal jewellery shopping experience. The new showrooms in Gujarat, Andhra Pradesh and Tamil Nadu will offers our customers an impeccable array of designs, which are suited for any jewellery preferences across the board. Malabar Gold & Diamonds have achieved an incredible milestone and with every new showroom launch, we are on track to achieve our goal of becoming the largest jewellery retailer in the world. We sincerely thank our customers for their unwavering support throughout the years”, said Mr. M P Ahammed, Chairman, Malabar Group.
Well-known for maintaining transparency in business practices, the brand’s distinctive offerings like Fair Price Promise and reasonable making charges for jewellery, have resonated well with customers. Strengthening the brand’s commitment to its customers, Malabar Gold & Diamonds offers 10 assurances to customers, termed as the Malabar Promise which includes 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.
ESG has been the primary commitment of the group since its inception, with 5% of net profits set aside for such activities in every region of operations. The main focus area of the group’s ESG activities are in the field of Health, Hunger Free World, Housing, Education, Environment and Women empowerment.
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 310 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 17,500 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 Hunger, 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