Indian jewellery brand Malabar Gold & Diamonds announced that it will launch 20 new showrooms in October across India, the GCC countries, and the USA, bringing the total number of showrooms worldwide to 375, the company informed in a media release.
“Currently, Malabar Gold & Diamonds operates 355 showrooms across 13 countries. 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),” the release stated.
Internationally, Malabar will open 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.
MP Ahammed, Chairman, Malabar Group, said, “Our expansion plan focuses on sustainable and responsible growth.”
Beyond India, Malabar Group’s global presence 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. Malabar Gold & Diamonds also operates 14 wholesale units across eight countries, 15 jewellery manufacturing units in five countries, design studios,” the release added.
Established in 1993, Malabar Gold & Diamonds has annual turnover of $ 6.2 billion.
