MALABAR GOLD & DIAMONDS UNVEILS NEW STORE IN NAGPUR

2nd March 2024

Malabar Gold & Diamonds launched its latest store in Dharampeth, Nagpur, Maharashtra. Spanning an impressive 6250 sq. ft., the new store is Malabar Gold & Diamonds’ first store in Nagpur, 23rd in Maharashtra and 35th in the West Region. The world-class store aims to provide customers with an unparalleled jewellery shopping experience, featuring an extensive range of designs and collections

The grand opening ceremony was graced by the presence of esteemed guests, Shri. Nitin Gadkari, Minister of Road Transport and Highways of India, and Mr. Vijay Dardaji, Chairman of Lokmat.

Commenting on this momentous occasion, M P Ahammed, Chairman of Malabar Group, stated, “The inauguration of our new store in Nagpur is a profound and serious commitment. It reflects our dedication to providing a distinguished and authentic experience for our customers. This expansion is not merely a physical space; it embodies the values of quality, transparency, and fair pricing that define our brand. We look forward to serving the Nagpur community with utmost sincerity, offering them a haven for exceptional jewellery and an unwavering commitment to trust.”

The new store showcases spacious interiors and an enriched ambience, allowing customers to explore a diverse range of meticulously crafted designs in gold, diamond, polki, gemstones, platinum, and more with ease. The curated collections cater to various tastes and preferences, ensuring that every customer finds the perfect piece.

Malabar Gold & Diamonds is renowned for its commitment to transparency and fairness in pricing. As part of its “Fair Price Promise,” the brand ensures that customers can acquire their favourite jewellery at fair making charges. Additionally, the

‘One India One Gold Rate’ initiative guarantees uniform pricing for gold across all its stores nationwide.

About Malabar Gold & Diamonds:

Malabar Gold & Diamonds was established in 1993 and is the flagship company of Malabar Group, a leading diversified Indian business conglomerate. With an annual turnover of $5.2 billion, the company currently ranks as the 6th largest jewellery retailer globally and today has a strong retail network of over 340 stores spread across 13 countries, in addition to multiple offices, design centres, wholesale units, and factories spread across India, Australia, Canada, the UK, the USA, the Middle East and the Far East. The group, owned by more than 4,000 shareholders, has more than 21,000 professionals from over 26 countries working towards its continued success. Malabar Gold & Diamonds also features an online store – www.malabargoldanddiamonds.com providing customers with the opportunity to purchase their favourite jewellery anytime from the comfort of their homes. The group also operates MGD Lifestyle Jewellery, a retail concept offering trendy lightweight jewellery for modern women.

ESG (Environmental, Social & Governance) has been the primary commitment of the group since its inception. The key ESG focus areas of Malabar Group are Health, Housing, Hunger Free World, Education, Environment and Women empowerment. Integrating the principles of responsibility and sustainability into its core business, Malabar Group periodically strengthens its ESG goals to remain a socially conscious and responsible organisation. The group contributes 5% of its profit to such initiatives in the same country of operation.