17th January 2021
Malabar Gold & Diamonds continues its expansion spree with 2 new stores in Malleswaram, Bangalore and Srikakulam, Andhra Pradesh, India
Malabar Gold & Diamonds, one among the largest jewellery retailers globally with a strong retail network of over 250 outlets spread across 10 countries, inaugurated 2 new stores in India, in Malleswaram, Bangalore and Srikakulam, Andhra Pradesh. Located at Palakonda Road, the Srikakulam store was inaugurated by Dharmana Krishnadas (Deputy Chief Minister and Minister of Revenue), Tammineni Sitaram (Speaker – Andhra Pradesh Legislative Assembly) and Dharamana Prasad Rao (MLA, Srikakulam) in the presence of other senior management officials. The Malleswaram store located at Sampige road, Bangalore was inaugurated by Deputy Chief Minister of Karnataka, Dr. Ashwathnarayan C N.
With an area of 6400 and 3400 square feet respectively, both Malleswaram and Srikakulam stores boast of top-notch shopping convenience and best-in-class after-sales experience. Design diversity and assurance of quality, for which the brand is well-known, have been kept in mind too during the planning of merchandise. The store also houses a good mix of bridal, traditional and daily wear jewellery crafted with gold, diamonds and platinum.
In addition, the stores offer a safe and hygienic retail environment to its customers by complying with the safety guidelines issued by the authorities and adopting all the required precautions and safety measures.
“Our retail expansion is a part of our strategy to become the number one gold jewellery retail brand in the world in terms of both showroom count and sales. We have plans to triple the number of showrooms in the next five years,” said Mr. M P Ahammed, Chairman, Malabar Group. He also added that both these stores will introduce outstanding quality standards of the brand in product innovation, service excellence and convenience to the customers in these regions.
As part of its commitment, Malabar Gold & Diamonds safeguards the purchases of customers through a set of policies named ‘Malabar Promise’:
- Complete Transparency – Totally transparent and detailed invoice and price tag.
- Zero deduction gold exchange – Full value, without any deductions, when you exchange 22KT gold
- 916 Hallmarked pure gold – All jewellery hold 916 hallmark certification, a guarantee of purity
- Assured Lifetime Maintenance – at over 250 stores across 10 countries
- Guaranteed Buyback – Best buyback value for gold and diamond jewellery
- Tested and Certified Diamonds – Every diamond passes through 28 internal quality tests and is also certified by international labs
- Responsibly sourced – Sourced in a responsible manner to protect the environment and stakeholders, for the jewellery to be truly auspicious
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, 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.