• The inaugurations are part of global expansion plan of the group.
• The Odisha store marks Malabar Gold & Diamonds’ foray into Bhubaneshwar in Odisha.
United Arab Emirates - March 17, 2021:
Malabar Gold & Diamonds, one among the largest jewellery retailers globally with a strong retail network of over 250 outlets spread across 10 countries, inaugurated 2 new showrooms in Bhubaneshwar, Odisha and Anna Nagar, Chennai, Tamil Nadu. The Bhubaneshwar store was inaugurated by Mr. Sabyasachi Mishra (Indian film actor) in the presence of Mr. M P Ahammed (Malabar Group Chairman), Dr. P.A. Ibrahim Haji (Co-chairman- Malabar Group), Mr. O Asher (Managing Director-India Operations, Malabar Gold & Diamonds), Mr. Shamlal Ahamed (Managing Director – International Operations, Malabar Gold & Diamonds), Mr. Abdul Salam KP (Group Executive Director- Malabar Group), Mr. P.K Siraj (National Retail Head, Malabar Gold & Diamonds) and other senior management officials. The store in Anna Nagar, Chennai was inaugurated by Mr. Kalanidhi Veeraswamy, Member of Parliament (North Chennai) and other senior management officials. This is the 16th outlet of the brand in Tamil Nadu.
Both the stores are part of the global expansion plan of the jeweller and its vision to strengthen retail presence in India. The aesthetically-designed showrooms offer superior shopping experience along with extraordinary design diversity with quality assurance and wonderful after-sales customer service. A remarkable range of bridal jewellery, traditional jewellery, daily wear jewellery in gold, diamond and platinum will be displayed in both stores along with hand-picked designs from the popular sub-brands of Malabar Gold and Diamonds such as Mine - Diamond jewellery, Era - Uncut Diamond jewellery, Divine - Indian Heritage Jewellery, Ethnix - Handcrafted jewellery collection, Precia - Precious Gem jewellery, Zoul - Lifestyle jewellery and Starlet - Kids jewellery. Both the stores will offer jewellery for all personal and special occasions and daily use. Both the showrooms offer a safe and hygienic retail ambiance to its customers by complying with the safety guidelines issued by the authorities and have also adopted all the required precautions and safety measures.
“The store in Bhubaneshwar will help us further expand our presence in eastern India in addition to bringing an element of novelty to our main foray into Odisha. Our retail expansion is a part of our plan to become the number one gold retail brand in the world in terms of both showroom count and sales. So, we have plans to triple the number of showrooms in the next five years”, said Malabar Group Chairman Mr. MP Ahammed.
As part of its commitment, Malabar Gold & Diamonds safeguards the purchases of customers through a set of policies named ‘Malabar Promise’:
• Complete Transparency - Totally transparent and detailed invoice and price tag.
• Tested and Certified Diamonds – Every diamond passes through 28 internal quality tests and is also certified by international labs
• Guaranteed Buyback – Best buyback value for gold and diamond jewellery
• Zero deduction gold exchange – Full value, without any deductions on exchange of 22KT gold
• 916 Hallmarked pure gold – All jewellery hold 916 hallmark certification, a guarantee of purity
• Assured Lifetime Maintenance – at over 250 stores across 10 countries
• Responsibly sourced – Sourced in a responsible manner to protect the environment and stakeholders, for the jewellery to be truly auspicious
The Malabar Group commits a fixed percentage of its profit to support socially responsible purposes both in India and abroad, since its inception in 1993. Education, health, women empowerment, affordable housing and environmental protection are the focus areas for the Group.
About Malabar Gold & Diamonds:
Malabar Gold & Diamonds is the flagship company of Malabar Group, a leading diversified Indian business conglomerate.
Established in 1993 in the Indian state of Kerala, Malabar Gold & Diamonds today has a strong retail network of over 250 outlets spread across 10 countries, 14 wholesale units in addition to offices, design centers and factories spread across India, Middle East, Far East & USA. With an annual turnover of $4.51 billion, the company currently ranks one among the largest jewellery retailers globally.
With 14 cluster manufacturing units in India and GCC – the company currently has 12 jewellery brands to cater to the discerning needs of customers. With headquarters in Kerala and branches across India, Middle East & Far East, Malabar Group is best known for its activities in the field of gold, diamonds, silver and lifestyle articles.
The group also operates MGD – Lifestyle Jewellery, a retail concept offering trendy and light weight jewellery that represents the independent and the modern woman through its designs and collections.
The group, owned by over 4,000 shareholders excels in quality products and services, has more than 13,000 professionals working for its continued success.
Malabar Gold & Diamonds also features an online store www.malabargoldanddiamonds.com providing customers the opportunity to purchase their favorite jewelry any time and on any day from the comfort of their home.