World’s sixth largest jewellery retail chain “Malabar Gold and Diamonds” has announced the opening of 12 new stores during Mar. 25, to end the financial year with 391 stores. The company is present across 13 countries globally and in 19 states across India.
The company operates 11 state-of-the-art factories in India including Hyderabad, Jaipur and Bangalore and 5 international units.
The company is well equipped with the latest technology to create unique and exquisite designs, while also adhering to the highest standards coupled with legal compliance, sustainability and quality assurance.
MP Ahammed, Chairman, Malabar Group said, “Our expansion plan is aligned with our broader vision of extending our global footprint and offering quality-focused, transparent retail practices coupled with a world-class shopping experience to more people across the world.
We are deeply committed to ethical business practices and responsible sourcing, which are at the core of our values.
As we continue to grow and enter new markets, each showroom opening represents a step closer to realizing our vision of becoming the world’s number one jewellery and luxury brand.
This global market penetration not only broadens our reach but also strengthens our position as a trusted brand that offers excellence, integrity, and unparalleled luxury to our customers worldwide.”
The company offers 100% exchange value for old gold an diamonds purchased with them across all its showrooms.
Malabar employs over 25,000 professionals from 26 nationalities across its network of stores with a strong presence in the Middle East region as well as at Canada, the USA, UK, Australia, Malaysia and Singapore.
Editor’s Note
Malabar Gold and Diamonds began its journey 32 years ago at Thrissur, Kerala and boasts of annual revenues exceeding INR 50,000 Cr (USD 6 Bn) for 2024.
Deloitte’s Luxury Ranking rates the brand 19th globally.
Indians in India and worldwide have taken a fancy to gold over the last 18-24 months, with prices doubling fastest in the last 5 years and there seems to be a massive opportunity to serve discerning middle class and aspirational Indians who are splurging on gold jewellery for future savings and liquidity as well as for ornamental value.
Discover more from Retail Updates
Subscribe to get the latest posts sent to your email.
