Hallmarked gold coins and bars of 22K and 24K are getting a boost from India’s thriving ecommerce industry, with sales surging 35-80% in the last financial year. To be sure, the sales spurt across online marketplaces such as Amazon, Flipkart, Ajio and Tata Cliq is on a low base, but it marks a shift in…
Representative Image 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…
Malabar gold and diamonds New Delhi: Malabar Gold & Diamonds, the world’s sixth-largest jewellery retailer, opened its second UK showroom in Leicester on Thursday, marking a significant step in its expansion plans for the region. The 2,000-square-foot store, located on Belgrave Road’s Golden Mile, was inaugurated by Leicester City Mayor Peter Soulsby. It showcases over…
Kolkata: Lightweight jewellery, along with gold and silver coins, accounted for the bulk of the demand on Akshaya Tritiya this year, according to industry executives, as gold prices hovered about 20% higher year-on-year for the day that is considered auspicious to buy gold. Market leader Tanishq said it expects up to 20% year-on-year increase in…
MP Ahammed, Chairman, Malabar Gold & Diamonds New Delhi: Malabar Gold & Diamonds, a leading jewellery group, has surpassed an annual retail global turnover of Rs 51,218 crore in the last financial year, it said in a media release. Also, the company aims to open 100 new stores within the next year, along with the…
Representative image Kolkata: Large jewellery chains such as Kalyan Jewellers, Tanishq, Malabar Gold & Diamonds, Joyalukkas and Senco Gold are staying away from lab-grown diamonds (LGDs) citing low demand and an aversion to mixing them with natural stones at counters. Nonetheless, the buzz over such stones – much cheaper than natural diamonds and indistinguishable from…
New Delhi: Malabar Gold & Diamonds, a leading gold retailer has entered into the Rajasthan market with its first store in Jaipur, Rajasthan, the company said in a media release on Friday. Moreover, it is planning to add 10 more stores in March 2024 to reach the 350 mark globally. Currently, the brand has a…
Malabar Gold & Diamonds is set to open ten new stores with an aim to reach 350 stores by the month of March. Currently, Malabar is the world’s sixth-largest jewellery group and the 19th in Deloitte’s luxury goods global ranking. The new store openings in India include Latur, Satara and Nagpur in Maharashtra; Kolar and…
Representative image. Kolkata: India will lead the global natural diamond demand in 2024 as the country is in a better financial state than other major buyers of the rock like the US and China, David Kellie, CEO of Natural Diamond Council (NDC), has said. NDC, the global authority on natural diamonds, has pegged the size…
Representative Image Jewellery brands are scrambling to get new celebrity endorsements, both at the national and regional level, sparking a spike in celebrity fees and stringent terms and conditions. But the demand is skewed in favour of glamour icons. A senior executive of a prominent jewellery brand, asking not to be identified, said the asking…
