Malabar Gold & Diamonds opens 2 new stores in Andhra Pradesh and Telangana, India
Part of the brand’s expansion plan to launch 56 stores globally in the FY21-22
Malabar Gold & Diamonds, one among the largest jewellery retailers globally with a strong retail network of over 260 outlets spread across 10 countries, inaugurated 2 new showroomsin Eluru, Andhra Pradesh and Kompally, Hyderabad, Telangana, India. This is part of the brand’s expansion plan to launch 56 stores globally, 40 across India and 16 internationally in the FY21-22 to further boost its retail presence across the country, with an overall investment of USD 220 Million and generation of 5000 new jobs.
‘Everyday Diamond Fest’ at Malabar Gold & Diamonds
Malabar Gold & Diamonds gives their customers an opportunity to explore a truly unique& affordablecollection of Diamondjewellery.
As part of the ‘Everyday Diamond Fest’, Malabar Gold & Diamonds, one among the largest jewellery retailers globally with a strong retail network of over 260 outlets spread across 10 countries, has unveiled an affordable and unique range of Diamond Jewellery suitable for customers for all age and gender, including first time diamond buyers. With prices starting from just AED 750, ‘Everyday Diamond Fest’ will be held across all stores of Malabar Gold & Diamonds in UAE, Oman, Qatar, Kuwait, KSA and Singapore.
Mandatory hallmarking of gold: It is a win-win deal for buyers, sellers (Authored by M. P Ahammed Chairman, Malabar Gold & Diamonds)
Successive government have brought many laws to ensure that the rights of consumers are non-negotiable. The hallmark of the Consumer Protection Act, 1986 passed by the Indian Parliament is to legally ensure cent percent value for money for the buyers of any articles of consumption. It is against this backdrop one should see the hallmarking for gold and gold articles made mandatory by the Government last year. The law will come into force from June 16 (Wednesday).