Malabar Gold & Diamonds Set to Open 20 New Showrooms in India, GCC, and the USA

Malabar Gold & Diamonds, a prominent player in the global jewellery market, is set to enhance its international footprint with the opening of 20 new showrooms in October. This strategic move is aimed at reinforcing the company’s presence across key markets in India, the GCC countries, and the USA. Upon the completion of this expansion, Malabar Gold & Diamonds will have a total of 375 showrooms worldwide, up from the current 355 spread across 13 countries.

Expansion in India

In India, Malabar Gold & Diamonds will launch new showrooms in several states, reflecting its commitment to strengthening its domestic presence. The new locations will include:

• Uttar Pradesh: 3 new showrooms

• Delhi: 2 new showrooms

• Maharashtra: 2 new showrooms

• Karnataka: 2 new showrooms

• Rajasthan: 2 new showrooms

• Odisha: 1 new showroom

• Telangana: 1 new showroom

• West Bengal: 1 new showroom

• Punjab: 1 new showroom

This expansion aims to cater to the growing demand for high-quality jewellery in these regions and enhance accessibility for customers across India.

International Expansion: GCC Countries

Malabar Gold & Diamonds is also focusing on the GCC (Gulf Cooperation Council) region with plans to open new showrooms in prominent locations. The new international showrooms will be situated in:

• Muwaileh, Sharjah: A key area in the UAE

• Muitar, Qatar: Expanding presence in Qatar

• Nakheel Mall, Saudi Arabia: A significant retail destination in Saudi Arabia

These new locations are strategically chosen to tap into the burgeoning jewellery market in the GCC countries and offer customers a premium shopping experience.

North American Expansion

The company is further extending its reach in North America with the addition of two new showrooms in the USA:

• Artesia, Los Angeles: A new showroom in a vibrant Californian city

• Atlanta, Georgia: Expanding into the southeastern region of the USA

This expansion into North America aligns with Malabar Gold & Diamonds' goal of becoming a leading global retail jeweller, catering to a diverse customer base in key international markets.

Chairman’s Vision and Commitment

MP Ahammed, Chairman of Malabar Group, emphasized that the launch of 20 new showrooms is in line with the company’s vision of becoming the world’s leading retail jeweller. He highlighted that the expansion plan is centered on sustainable and responsible growth, which not only advances the company’s business but also benefits society.

Ahammed also noted the company’s recognition as a Responsible Jewellery House at the India Gold Conference 2023-24. This accolade underscores Malabar Gold & Diamonds’ commitment to ethical business practices, responsible sourcing, and sustainability. The new showrooms will reflect these core values, ensuring that every customer experiences trust, transparency, and quality.

Showroom Features and Customer Experience

The new showrooms will feature a wide range of traditional and modern jewellery, providing customers with an extensive selection to choose from. Malabar Gold & Diamonds aims to deliver a personalized shopping experience, which includes custom design services and luxurious lounge areas. This focus on customer comfort and satisfaction is designed to enhance the overall shopping experience and meet the diverse needs of its clientele.

Global Presence and Operations

Malabar Gold & Diamonds operates with a substantial global presence, including countries such as the UAE, USA, UK, Canada, and Australia. The company employs over 21,000 people from 26 different nations, reflecting its diverse and inclusive workforce. Additionally, Malabar Gold & Diamonds manages 14 wholesale units, 15 manufacturing units, and design studios worldwide.

The company offers more than 25 exclusive jewellery collections to over 15 million customers in 100 countries, reinforcing its position as a major player in the global jewellery market.

Conclusion

The strategic expansion of Malabar Gold & Diamonds with the opening of 20 new showrooms in October marks a significant step in its global growth strategy. With new locations across India, the GCC, and North America, the company is set to enhance its market presence and provide exceptional jewellery experiences to a broader audience. The commitment to sustainable and responsible growth, coupled with a focus on customer satisfaction, positions Malabar Gold & Diamonds as a leading choice for high-quality jewellery worldwide.