MALABAR GOLD & DIAMONDS DEBUTS IN RAJASTHAN WITH ITS FIRST STORE, INAUGURATED BY BOLLYWOOD STAR ANIL KAPOOR

8th March 2024

Malabar Gold & Diamonds, the sixth-largest jewellery brand in the world, launched its first store in Jaipur, Rajasthan. The luxurious store was inaugurated by popular Bollywood actor Mr. Anil Kapoor

With the opening of 10 more stores in March, the total store count will reach 350. The brand spans its presence across India, the Middle East, the Far East, the USA, the UK, Canada, and Bangladesh and boasts 14 wholesale units in 8 countries, 15 manufacturing units in 5 countries, and over 25 exclusive brand collections. Supported by a workforce of around 22,000 multilingual employees spanning 26 countries, the brand has garnered the satisfaction of 15 million customers across 100 countries.  Malabar Gold & Diamonds maintains a consistent gold pricing policy nationwide, ensuring fairness and uniqueness in its approach. The brand also ranked 19th globally in Deloitte’s Luxury Goods ranking.

Expressing his enthusiasm about the momentous occasion, MP Ahammed, Chairman of Malabar Group, said, “It is a very proud moment for us to open our first store in Rajasthan, Jaipur. We are delighted to be able to responsibly and sustainably source gold from a variety of trusted sources and develop unparalleled shopping experiences in Rajasthan through a transparent and customer-friendly approach. Taking a step towards our goal of becoming the Number One Jewellery Brand, I would like to thank the customers, management, team members, and investors for all their support.”

Malabar Gold & Diamonds stores offer exclusivity with spacious interiors, a dedicated wedding arena for bridal purchases, a privileged lounge for premium customers, diamond experts, and ample parking for customer convenience. Embraced by jewellery enthusiasts and customers alike, Malabar Gold & Diamonds looks forward to immersing itself in the unique culture of Rajasthan.

Precious gemstones, polki, diamonds, and gold jewellery, along with pieces that evoke the unique charm of Rajasthan, are specialities here. Customers will have access to a diverse range of bridal jewellery, special occasion pieces, and everyday wear. The Jaipur store will showcase a large collection of jewellery in gold, diamonds, precious gemstones, polki, platinum and more from more than 25 exclusive brands like Mine, Era, Divine, Ethnix, Precia, and Viraaz, featuring alluring and distinctive designs.

The company stands by 10 commitments to its customers, ensuring a transparent price tag detailing the exact cost, including stone weight, net weight, and stone charge. These commitments also include fair pricing, lifetime free maintenance available at any store in 14 countries, a 100% exchange value for old gold and diamonds, gold purity certified HUID Jewellery, 28 lab-tested certified diamonds, one-year free insurance coverage for all jewellery, and the option to extend insurance and warranty based on customer requirements. Moreover, Malabar Gold & Diamonds guarantees responsibly sourced gold from approved channels, emphasises a supportive work environment for its employees with various benefits and protection, and allocates 5% of the company’s profits to ESG (Environmental, Social & Governance) activities as part of its primary commitment to social responsibility. Key CSR areas of Malabar Group include health, housing, a hunger-free world, education, the environment, and women’s empowerment.

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 14 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 at any time and on any day from the comfort of their homes. The group also operates MGD – Lifestyle Jewellery, a retail concept offering trendy and lightweight jewellery that represents the independent and modern woman through its designs and collections.