The major expansion spree is aligned with the brand’s “Make in India, Market to the World” initiative
Mumbai: Malabar Gold & Diamonds is set to significantly expand its global footprint with the upcoming launch of 20 new stores before Diwali. This major move comes as the company builds on recent successes, including the opening of its second showroom in Leicester, United Kingdom, in July.
The expansion will see Malabar Gold & Diamonds establish new outlets across major Indian cities, including Delhi, Mumbai, Bangalore, and Hyderabad, as well as in Odisha, Maharashtra, and West Bengal. The company is also extending its reach internationally with new locations planned in the United States, Qatar, Saudi Arabia, and the United Arab Emirates.
Malabar Gold & Diamonds, already recognised as the world’s sixth-largest jewellery group and ranked 19th in Deloitte’s global luxury goods list, is capitalising on its global ambitions. MP Ahammed, Chairman of Malabar Group, emphasised the company’s growth strategy earlier this year, noting their commitment to the “Make in India, Market to the World” initiative.
The new stores are expected to enhance the brand’s visibility and accessibility in key markets, further solidifying its position as a global leader in the jewellery industry. The expansion reflects Malabar’s dedication to providing quality and transparent services, underscored by their ‘Malabar Promise,’ which includes transparent pricing, lifetime maintenance, guaranteed buyback, and UK-hallmarked jewellery. The company’s commitment to responsible sourcing and ethical business practices is also a core component of their brand promise.
With this expansion, Malabar Gold & Diamonds aims to cater to a growing and diverse customer base, with aims to reinforce its reputation as a major player in the global jewellery market.
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