Malabar Gold & Diamonds opens its 350th global outlet in Illinois, USA

Located at Patel Plaza in Naperville and spread across 6,400+ sq. ft, the new outlet is the jewellery brand’s fourth showroom in Naperville, Illinois 

Naperville: Malabar Gold & Diamonds has inaugurated its new showroom in Naperville, Illinois, marking its fourth store in the United States. Situated at Patel Plaza in Naperville, the new showroom spans over 6,400 square feet and offers a diverse collection of over 30,000 designs across 25 exclusive brands and collections in gold, diamond, and precious gem jewellery. Catering to various preferences, the showroom features bridal jewellery, occasional wear, daily wear, and office wear options. 

The grand opening ceremony, attended by HE. Somnath Ghosh, Consul General of India in Chicago, witnessed the participation of esteemed dignitaries including Shamlal Ahamed, MD-International Operations of Malabar Gold & Diamonds, Rakesh Patel of the Patel brothers, and Joseph Eapen, President of North America operations of Malabar Gold & Diamonds, among others. 

“The launch of Malabar Gold & Diamonds’ 350th global showroom in the USA is a proud occasion for us as it signifies the growing footprint of our brand in the international jewellery arena. Located in the city of Naperville, this showroom will undoubtedly bring the best of what we have to offer in terms of both jewellery & experience. Our unwavering commitment to offering every customer complete transparency and an exceptional jewellery shopping experience has propelled us to being one of the most preferred jewellery retailers in the USA and all the other regions in which we operate. On behalf of Malabar Group, I would like to convey my sincere gratitude to all our customers, management team members, shareholders and other stakeholders for their contributions in making this occasion truly significant.”, commented the Chairman of Malabar Group, M.P Ahammed. 

With an annual turnover of USD 6.2 billion and a retail network spanning 350 showrooms across 13 countries, Malabar Gold & Diamonds continues to expand its reach in the international jewellery market.

“The USA is one of the largest jewellery markets in the world in terms of both buying power and population, and I am very excited to launch our 4th showroom in the country. The large segment of the Indian subcontinental diaspora in the USA is an opportunity for us to expand our offerings to a base of consumers who truly appreciate the artistry of Indian jewellery. Our future initiatives in North America include expansion into Los Angeles, Atlanta, San Francisco, Seattle, Austin, Tampa & Virginia in the USA and in Canada, we have plans covering British Columbia & Alberta”, commented Shamlal Ahamed, MD-International Operations, Malabar Gold & Diamonds. 

Complementing its exquisite offerings, the showroom provides a personalized jewellery designing facility, allowing customers to create bespoke pieces with the assistance of expert designers and craftsmen. 

Abdul Salam K.P, Vice Chairman of Malabar Group, commented: “With 5 showrooms in the region, Malabar Gold & Diamonds’ success in North America speaks volumes about the growing demand for Indian-made jewellery in the western hemisphere. Aligning with the motto of ‘Make in India; Market to the world’, the heights to which our brand has grown in the international jewellery arena is perfectly encapsulated by Malabar Gold & Diamonds being the highest-ranked Indian jewellery retailer in the Global Powers of Luxury Goods 2023 report published by Deloitte recently”. 

As part of its ambitious expansion plan, Malabar Gold & Diamonds aims to strengthen its retail presence in existing regions while venturing into new territories, including South Africa, Egypt, Bangladesh, Turkey, and New Zealand. 

“While Malabar Gold & Diamonds is making great strides in the international jewellery sector, our operations in India, which remains our biggest market, is going forward with equal momentum. Our prestigious position in the Indian jewellery market is poised to be strengthened further by our planned expansion within existing states of operation as well as into states such as Uttarakhand, Jharkhand, Goa, Assam, Tripura, and Jammu & Kashmir”, commented Asher O, India Operations, Malabar Gold & Diamonds. 

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