MALABAR GOLD & DIAMONDS CONTINUES AGGRESSIVE EXPANSION DRIVE, LAUNCHES THREE MORE SHOWROOMS IN INDIA
- New showrooms opened at Kattapana and Ottappalam in Kerala and in Yelahanka, Karnataka.
- The brand currently operates 38 showrooms in Kerala and 29 showrooms in Karnataka.
With an impressive retail network of over 295 outlets spread out across 10 countries, Malabar Gold & Diamonds, the 6th largest jewellery retailer in the world, inaugurated three new showrooms in India.
The showrooms were opened at Kattapana (Kerala), Ottappalam (Kerala) and Yelahanka (Karnataka). The showrooms at Ottapalam and Kattappana were inaugurated by Mr. M B Rajesh, State Minister for Local Self Governments and Excise, Govt. of Kerala and Mr. M M Mani, MLA from Udumbanchola constituency respectively in the presence of Mr. M P Ahammed, Chairman, Malabar Group; Mr. O Asher, Managing Director – India Operations, Malabar Gold & Diamonds and Mr. A K Nishad, Manufacturing and B2B Director, Malabar Gold & Diamonds. The Yelahanka showroom was inaugurated by Mr. S.R Vishwanath, MLA from Yelahanka constituency and Chairman, Bangalore Development Authority, in the presence of Mr. O Asher, Managing Director – India Operations, Malabar Gold & Diamonds. Other dignitaries, Malabar Gold & Diamonds management team members, customers and well-wishers were also present for all the occasions.
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.
“Being two of our strongest regions of operation in India, it gives us great honour to expand our presence in Kerala and Karnataka. We hold ourselves to a very high standard in terms of quality and service and as is the case with every new showroom launch, we have taken every measure to provide our customers with a phenomenal shopping experience, the finest craftsmanship and a wide-ranging variety of designs suitable for every occasion. We are on track to achieve our goal of becoming the largest jewellery retailer in the world and we sincerely thank our customers for their wholehearted support”, 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 to jewellery, have resonated well with customers. Strengthening the brand’s commitment to its customers, Malabar Gold & Diamonds offers 10 promises, including 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.
CSR has been a primary commitment of the group since its inception, setting aside 5% of yearly profits for philanthropic activities in each region of operation.
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 over 290 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 14,000 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 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