Malabar Gold & Diamonds Targets Global Retail Leadership With Expansion To 350 Stores

Leading jewellery retailer Malabar Gold & Diamonds has recently unveiled plans for a significant expansion of its global operations. The renowned jeweller, currently standing as the 6th largest globally, aims to augment its extensive retail network by launching 10 new state-of-the-art showrooms. This strategic move is set to elevate the brand's total global store count to 350 by March 2024, reinforcing its esteemed position as one of the topmost jewellers in the world.

Slated for inauguration in various locations in India, the new outlets will be situated in Latur, Satara, and Nagpur in Maharashtra; Kolar and Whitefield in Karnataka; Jaipur in Rajasthan; Chandni Chowk in Delhi; Vanasthalipuram in Andhra Pradesh; Patiala in Punjab; and Puducherry. While the majority of these showrooms will bolster Malabar Gold & Diamonds' presence in regions where it has already made a significant mark, the openings in Rajasthan and Puducherry represent the brand's first foray into these territories.

MP Ahammed, Chairman of Malabar Group, expressed his enthusiasm for the expansion, attributing the brand's global success to the unwavering support from customers, team members, and stakeholders. He articulated the company's ambition to ascend to the pinnacle of the world's jewellery retail sector with each new store launch.

The upcoming showrooms promise to offer an extraordinary array of jewellery, featuring over 25 exclusive brands and collections. Catering to the diverse tastes of its extensive customer base, the selection will encompass bridal, occasional, and everyday wear. KP Abdul Salam, Vice-Chairman of Malabar Group, highlighted the milestone of reaching 350 global stores as a testament to the brand's significant growth and its recognition as a key player in the international luxury retail sector, as evidenced by its ranking in Deloitte's Global Powers of Luxury Goods report.

With a commanding presence of 198 showrooms across India, Malabar Gold & Diamonds continues to see potential for further expansion within the nation. Asher O, MD-India Operations, emphasised the company's commitment to offering a unique and transparent jewellery shopping experience. Similarly, Shamlal Ahamed, MD-International Operations, outlined the brand's ambitious plans to penetrate new markets, including New Zealand, Egypt, Turkiye, South Africa and Bangladesh, while promoting Indian craftsmanship globally under the 'Make in India; Market to the World' initiative.

Malabar Gold & Diamonds is not only focused on retail expansion but also on creating employment opportunities. The company, currently employing over 21,000 individuals from 26 different countries, is aiming to expand its workforce to 100,000 within the next three years. Known for its commitment to responsible and sustainable sourcing, Malabar Gold & Diamonds ensures a transparent and unparalleled jewellery buying experience through the 'Malabar Promise'. This includes a transparent price tag, assured lifetime maintenance, guaranteed buyback, certified diamonds, and responsible sourcing among other customer-friendly policies.

The brand's expansion strategy and its dedication to customer satisfaction and sustainability highlight Malabar Gold & Diamonds' continued influence and leadership in the global jewellery retail market.