- Becomes the world’s 6th largest jewelry retailer with its 300th global showroom in Dallas
- Global expansion plans include showrooms in the UK, Bangladesh, Australia, Egypt, Canada, Turkey, and South Africa
- To create around 6,000 employment opportunities
PUNE: Malabar Gold & Diamonds, one of the largest gold and diamond retail chains in the country, has launched its 300th global showroom in Dallas, Texas in the US. Located at Preston Road, this is the third showroom of the company in the US. The showroom makes Malabar Gold and Diamonds the 6th largest jewelry retailer globally with a strong retail network of 300 showrooms across 10 countries.
Susan Fletcher, Collin County Commissioner, and Jeff Cheney, Mayor of Frisco, Texas, jointly inaugurated the showroom in the presence of Shamlal Ahamed, Managing Director – International Operations. The inauguration event was virtually attended by MP Ahammed, Chairman, of Malabar Group, KP Abdul Salam, Vice-Chairman, of Malabar Group, O Asher, Managing Director – of India Operations, AK Nishad, Group Executive Director – of Manufacturing & B2B, along with other team members, well-wishers, and dignitaries.
Commenting on the launch, MP Ahammed, Chairman, of Malabar Group, said, “It is a moment of great pride for us as we touch the 300th mark with this new showroom in Dallas. We started off our journey with a small showroom in Kozhikode, Kerala, and in less than 30 years, we have built a strong retail presence with 300 showrooms across 10 countries. We would like to thank our customers, shareholders, employees, and other stakeholders for their continued support.
We will further strengthen our retail presence in the existing markets apart from entering new markets with our differentiated products, services, and quality assurances. The support and encouragement from our valued customers and trade partners will motivate us to further accelerate our expansion plans and pursue our goal to become the No.1 jewelry retailer globally. We’ll be further strengthening our manufacturing capabilities to support our retail expansion drive globally.”
Malabar Gold & Diamonds have robust retail expansion plans in India which involve key cities such as Bhopal and Surat as well as key Tier 2 markets such as Iritty, Anakapalle, Nanded, Vapi, Vasai, and Vizianagaram.
Malabar Gold & Diamonds also plans to open stores in the UK, Bangladesh, Australia, Egypt, Canada, Turkey, and South Africa. These expansions are expected to create approximately 6,000 employment opportunities in the retail, manufacturing, technical, and management areas. To further enhance its Omni channel initiative, Malabar Gold & Diamonds is availing of services from prominent technology partners such as Microsoft, IBM, Accenture, E & Y, and Deloitte.
Malabar Gold & Diamonds is known globally for offering an unparalleled jewelry buying experience with convenience, and customer-friendly policies along with the ‘10 Malabar Promises’ of incomparable quality and service assurance. These Malabar Promises include assured lifetime free maintenance, free insurance, guaranteed buyback, IGI and GIA-certified diamonds ensuring 28-point quality check of global standards, zero deduction gold exchange, complete transparency, 916 hallmarked pure gold, responsible sourcing, fair price policy and fair labor practices.
Malabar Gold & Diamonds ensures compliance through responsible sourcing, ethical business practices, and transparent and professional management. Malabar Group believes that the most successful companies are those which integrate responsibility and sustainability into their core businesses. The Group commits 5% of its profit to support socially responsible purposes both in India and abroad, a practice they adopted since its inception in 1993. Hunger, health, education, women empowerment, housing, and the environment are the key focus areas of the Group.
