MALABAR GOLD & DIAMONDS TO EXPAND GLOBAL FOOTPRINT WITH 20 NEW SHOWROOMS THIS OCTOBER
5th September 2024
Malabar Gold & Diamonds, one of the world’s largest and most trusted jewellery conglomerates, is set to launch 20 new showrooms in October as part of its ambitious global expansion strategy. These new locations will bolster the brand’s presence in key markets across India, the GCC countries, and the USA, bringing the total number of showrooms worldwide to 375. Currently, Malabar Gold & Diamonds operates 355 showrooms across 13 countries.
Expansion Across India and International Markets
This significant expansion marks a new chapter in Malabar Group’s journey to becoming the world’s largest jewellery retailer. In India, the expansion will see new showrooms opening in Uttar Pradesh (3), Delhi (2), Maharashtra (2), Karnataka (2), Rajasthan (2), Odisha (1), Telangana (1), West Bengal (1), and Punjab (1). Internationally, the brand will strengthen its foothold with new showrooms in Muwaileh, Sharjah; Muitar, Qatar; and Nakheel Mall, Saudi Arabia. Additionally, Malabar Gold & Diamonds will broaden its North American footprint with two new showrooms in Artesia, Los Angeles, and Atlanta, Georgia.
Vision for Responsible and Sustainable Growth
MP Ahammed, Chairman of Malabar Group, commented on the expansion, saying, “Opening 20 new showrooms in October aligns with our vision to become the world’s leading retail jeweller. Our expansion plan focuses on sustainable and responsible growth that not only drives our business forward but also benefits society. We take immense pride in being recognized as a Responsible Jewellery House at the India Gold Conference 2023-24, reflecting our unwavering commitment to ethical business practices, responsible sourcing, and sustainability. Every new showroom will embody our core values of trust, transparency, and quality, ensuring an exceptional shopping experience that resonates with our customers.”
New Showroom Offerings
The new showrooms will feature a diverse range of traditional and contemporary jewellery collections, paired with a personalized shopping experience that highlights Malabar Gold & Diamonds’ dedication to excellence. Each showroom will include bespoke jewellery design services and luxurious, fully-equipped lounge areas, emphasizing customer convenience and satisfaction.
Global Presence and Workforce
Beyond India, Malabar Group’s global footprint spans across the UAE, Qatar, Kuwait, Oman, Saudi Arabia, Bahrain, Singapore, Malaysia, USA, UK, Canada, and Australia. The company employs over 21,000 professionals from 26 countries, demonstrating its commitment to cultural diversity and customer service. Malabar Gold & Diamonds also operates 14 wholesale units across eight countries, 15 jewellery manufacturing units in five countries, design studios, and boasts over 25 exclusive brand collections, serving more than 15 million satisfied customers from 100 countries.
Corporate Social Responsibility: The ‘Hunger Free World’ Project
A cornerstone of Malabar Group’s corporate social responsibility efforts is the ‘Hunger Free World’ project, which focuses on alleviating hunger by providing nutritious meals. Currently, the initiative distributes food packets to 41,000 individuals daily across 69 cities in 16 Indian states. Additionally, 10,000 food packets are distributed daily to schoolchildren in Zambia, Africa. To date, Malabar Group has invested over ₹260 crores in various CSR activities, including this project.
About Malabar Gold & Diamonds:
Founded in 1993, Malabar Gold & Diamonds is the flagship company of Malabar Group, a leading diversified Indian business conglomerate. With an annual turnover of $6.2 billion, the company ranks as the 6th largest jewellery retailer globally and the 19th in Deloitte’s Luxury Goods World Ranking. The company operates a strong retail network of over 356 showrooms spread across 13 countries, in addition to multiple offices, design centres, wholesale units, and factories across India, the Middle East, the Far East, the USA, the UK, Canada, and Australia. Malabar Gold & Diamonds also offers an online showroom, www.malabargoldanddiamonds.com, giving customers the flexibility to purchase their favourite jewellery anytime, from anywhere.
Commitment to ESG and CSR:
Since its inception, ESG (Environmental, Social & Governance) and CSR have been primary commitments of the group. The Malabar Group focuses on areas such as Health, Housing, Hunger Free World, Education, Environment, and Women empowerment, integrating the principles of responsibility and sustainability into its core business practices.
