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 6^th largest jewellery retailer in the world, inaugurated three new showrooms in India.

Malabar Gold & Diamonds invests 91 million USD to launch a manufacturing and refinery facility in Telangana

• This will be the group’s largest manufacturing facility which will produce 10 tonnes of gold jewellery and 150,000 carats of diamond jewellery annually

• The gold refinery facility to have annual gold refining capacity of 180 tonnes

• The multidisciplinary facility to generate 2750 employments

• The unit will support retail expansion and strengthen the Group’s mission – Make In India, Market to the World

Malabar Gold & Diamonds wins the ‘Best Employer Brand 2022’ at the GCC Best Employer Brand Awards

With an impressive retail network of over 290 showrooms across 10 countries, Malabar Gold & Diamonds, the 6^th largest jewellery retailer in the world, has received the award for ‘Best Employer Brand 2022’ at the 9^th edition of the prestigious GCC Best Employer Brand Awards, held on the 13^th of October 2022. The brand was endowed the recognition for their excellent working culture and employee relations. The awards were conducted as part of the World Human Resources Development Congress, which brings together thousands of professionals from over 133 countries and has been held regularly since 1993. Mr. Deepak Ravindran, HR Head of Malabar Gold & Diamonds – International Operations, received the award on behalf of organisation.