Malabar Gold & Diamonds has inaugurated its 28th store in Maharashtra. Spread over 2,623 sq ft, the store has come up at the R City Mall, Ghatkopar in Mumbai.
The newest store was inaugurated by Mrs. Varsha Ram Kadam, Social facilitator and wife of Sri. Ram Kadam, hon’ble MLA of Ghatkopar West in the presence of Mr. Asher O, MD India Operations, Mr. Fanzeem Ahmed, Regional Head, West Zone, Management Team Members, customers and well-wishers.
MP Ahammed, Chairman of Malabar Group, expressed his enthusiasm for the new opening: “We are thrilled to expand our presence in Mumbai, a city renowned for its vibrant culture and deep-rooted traditions.
At Malabar Gold & Diamonds, we take pride in creating jewellery that commemorates life’s cherished moments.
With our unwavering commitment to quality, ethical practices, and customer satisfaction, we are excited to bring our exceptional collections to R City Mall, Ghatkopar, and look forward to serving the community with a truly remarkable shopping experience.”
With over 370 stores across 13 countries worldwide including India, the Middle East, the USA, the UK, Canada and Australia, Malabar Gold and Diamonds is known for its exceptional quality, wide-ranging collections and a customer centric approach.
The company employs over 22,000 multilingual employees across 26 countries and has served over 1.50 crore customers all over the world.
Established in 1993, the company has an annual turnover of INR 51,000 Cr (USD 6.2 Bn), the company is currently the 6th largest jewellery retailer globally and the 19th ranked brand in Deloitte’s Luxury Goods World Ranking.
Malabar Gold & Diamonds is renowned for its commitment to customer satisfaction through its “Malabar Promises,” which include transparent pricing with a detailed cost breakdown, lifetime free maintenance services available at all global showrooms, and a 100% exchange value for old gold and diamonds.
The company ensures that all jewellery is 100% HUID-compliant, offering complete transparency and authenticity.
Certified diamonds undergo 28-point quality checks, and every jewellery purchase comes with one year of free insurance, with options for extended coverage and warranty.
The brand also guarantees its gold is responsibly sourced from authorised channels, ensuring ethical practices throughout its supply chain.
Editor’s Note
Gold continues to remain one of the safest assets to invest for the aspirational class of Indians. Gold prices have doubled over the last 7 years and most Indians have parked their savings on gold, especially in the form of jewellery.
Gold jewellery retailers like Malabar Gold and Diamonds along with the likes of Kalyan Jewellers, GRT, Jos Alukkas, Joy Alukkas, TBZ, among others have opened hundreds of stores in the country in the last 10 years.
Having prominent cinema actors as brand ambassadors has also established them as a safe haven for hardworking Indians to place their savings in the form of jewellery.
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