Malabar Gold & Diamonds and KMCC initiates relief activities in flood-stricken parts of Fujairah
Initiative spearheaded by CSR team of Malabar Gold & Diamonds
Food provision kits are being distributed to families and bachelors
As Fujairah citizens continue to reel from the damage caused by the flash floods, Malabar Gold & Diamonds, one of the largest jewellery retailers globally has joined hands with Kerala Muslim Cultural Centre (KMCC) to initiate relief activities by distributing food kits to those affected by the floods. Spearheaded by the CSR team of Malabar Gold & Diamonds, 100 food kitscontaining essential supplies, including rice, lentils, oil, and spices were distributed to those affected by the disaster.
GOLD IMPORT DUTY – COMMENT Quote from Mr. Shamlal Ahamed – MD – International Operations, Malabar Gold & Diamonds: ‘The recent announcement by the Indian Government to raise import duty to 12.5% from 7.5% is expected to make gold more expensive across India. This hike has increased the gold price difference between UAE and India. The gold price in GCC will get more attractive than in India with a saving of 12% – 15%. The weakening rupee will further increase the gold rate in India.
Malabar Gold & Diamonds and Natural Diamond Council join hands to promote the natural diamond dream in UAE
One of the world’s largest retailers and the global authority on natural diamonds will work together to highlight the legacy of diamonds
The Natural Diamond Council (NDC), a not-for-profit organization dedicated to promoting and supporting the natural diamond industry has partnered with leading jewellery brand, Malabar Gold & Diamonds, to enhance aspiration and desire for natural diamonds in the United Arab Emirates. This intriguing collaboration will showcase the inherent and emotional value of this billion-year-old jewel and inform and educate people in the region about the integrity and heritage of diamonds while celebrating innovations in the world of jewellery design and craftsmanship.
31st May 2022: Malabar Gold & Diamonds inaugurates new showrooms in Mukkam, Kerala and Chandrasekharpur, Bhubaneswar Odisha.
Malabar Gold & Diamonds, one of the largest jewellery retailers globally with a strong retail network of over 285 outlets across 10 countries, inaugurated its’ new showrooms in Mukkam, Calicut, Kerala and Chandrasekharpur, Bhubaneswar, Odisha. The Mukkam showroom was inaugurated by Panakkad Sayyid Sadiq Ali Shihab Thangal, Kerala state president of the Indian Union Muslim League. Mr. M P Ahammed (Malabar Group Chairman), Mr. Abdul Salam KP (Vice Chairman – Malabar Group), Mr. Shamlal Ahamed (Managing Director – International Operations, Malabar Gold & Diamonds), Mr. O Asher (Managing Director – India Operations, Malabar Gold & Diamonds), senior management officials and well-wishers were also present at the event.