Malabar Gold & Diamonds launches campaign to buyback old gold…..

Date: 13th June 2020

Malabar Gold & Diamonds launches campaign to buyback old gold jewellery purchased from anywhere offering maximum value to customers


  • Buyback of old gold jewellery, regardless of where it has been purchased from
  • Maximum value for old gold; offering the best rate in the market
  • Customers to receive money immediately following all norms
  • Valid until 30th Sep 2020


Malabar Gold & Diamonds has launched a campaign to buyback old gold jewellery, regardless of where it has been purchased from. Customers will be offered the best rate in the market by giving maximum value for old gold purchased from other retailers. As part of Malabar Promise, the brand offers cash buyback facility for jewellery purchased from any of its outlets across GCC, Far East, USA and India. However, this announcement to accept cash purchase of old gold jewellery from other retailers comes amidst many jewellery retailers hesitating to buyback the gold jewellery they have sold in the past, despite promising customers cash buyback facility.


Gold being a reliable investment is one of the intrinsic reasons for people buying gold jewellery while also serving as an adornment. It is the ease to liquidate the metal for cash without losing much value during these difficult times that further increases its dependability.


‘We’ve been receiving buyback requests from our customers as well as others who have purchased gold jewellery from other retailers, which led to our decision to accept this cash purchase of old gold jewellery purchased from anywhere for a limited period. We will ensure that the customer receives maximum value for their old gold and the amount will be provided to the customer immediately while adhering to the local laws’ said Mr. Shamlal Ahamed, MD – International Operations of Malabar Gold & Diamonds.


Gold has always been a safe haven asset and had further proved its trustworthiness by strengthening its position even during this global pandemic situation. While all other assets like currency, oil, stock markets, real estate etc. have steeply declined in value, gold has appreciated 30-35% in the last one year.  This consistent performance of gold as an appreciating and moveable asset has led to individuals with excess cash reserves beginning to acquire gold. Being the only investment to offer all these benefits, while also being a prestigious lifestyle article, gold jewellery is expected to attract new buyers in the immediate future.

This buyback of old gold jewellery purchased from other jewellery retailers will be available for a limited period until 30th September 2020 at select stores of Malabar Gold & Diamonds. However, cash buyback for jewellery sold by Malabar Gold & Diamonds will continue without any restriction. Customers can avail cash buyback for their old gold jewellery at the following Malabar Gold & Diamonds stores in UAE:

Abu Dhabi

Hamdan Street                                    : 02 6585 916

Musaffah Shabia                                 : 02 6589 916

Madinat Zayed Shopping Centre        : 02 6355 916

Al Wahda Mall                                                : 02 4439 916

Ruwais Mall                                        : 02 8761 916



Bur Dubai: Al Fahidi Street                 : 04 3540 123

Karama Centre                                   : 04 3584 916

Al Barsha: Lulu Hypermarket             : 04 3250 916

Qusais: Lulu Hypermarket                  : 04 2988 926

Gold Souq: Near RAK Bank                 : 04 2267 916



Rolla Square                                        : 06 5669 916


Lulu Mall                                             : 09 2220 299

Al Ain

Meena Bazar                                      : 03 7647 006

Ras Al Khaimah

Al Nakheel Street                                : 07 2286 916


Lulu Hypermarket                               : 06 7478916

Editor’s Note

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 250 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 & 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 providing customers the opportunity to purchase their favorite jewelry any time and on any day from the comfort of their home.



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