The award acknowledges Malabar Gold & Diamonds’ dedication to procuring responsibly mined gold and diamonds from legitimate sources, ensuring that every piece of jewelry is crafted with the highest standards of purity and integrity. On behalf of Malabar Gold & Diamonds, O. Asher, Managing Director of India Operations, received the award from Dr. Sundaravalli Narayanswamy, Chairperson of the India Gold Policy Centre, at a function held at the Hilton Manyata Business Park, Bangalore. Also in attendance were Sitaraman Varadarajan, Head of Business Development at Malabar Gold LLC; Dileep Narayanan, Head of Bullion at Malabar Gold & Diamonds; Sunil Kashyap, Director of Finmet PTE Ltd; Praveen Baijnath, CEO of Rand Refinery; and Filsor Babu, Karnataka Regional Head of Malabar Gold & Diamonds.

Speaking on the occasion, Malabar Group Chairman, M.P. Ahammed, expressed his gratitude and reaffirmed the company’s commitment to ethical practices. He said, “We are deeply honored to receive the Responsible Jewellery House Award from IGC. Gold and diamonds are treasured gifts, often exchanged during life’s most joyful moments, such as weddings and birthdays. We are committed to ensuring that these precious materials are ethically sourced, from legitimate origins, and free from exploitation. Only then can these gifts truly embody the sanctity, purity, and brilliance they symbolize. We uphold this commitment from the moment gold is mined to the final product reaching our customers.”

O. Asher, Managing Director of Malabar Gold & Diamonds India Operations, highlighted the company’s adherence to legal and tax regulations in every country it operates. “We ensure that the gold bars we buy and sell are responsibly sourced and fully legal. We use London Bullion Market Association (LBMA) quality-certified London Good Delivery Bars (LGDB), Dubai Good Delivery Bars (DGDB), and HUID-hallmarked Indian Good Delivery Bars. Malabar Gold & Diamonds has already established itself as a trusted jewelry brand worldwide.”

Malabar Gold & Diamonds currently operates 355 stores across 13 countries, employing around 21,000 people from 26 different nationalities. With more than 15 million satisfied customers from over 100 countries, the company offers world-class facilities in all its stores. Through its ‘One India One Gold Rate’ initiative, Malabar Gold & Diamonds ensures uniform gold pricing across India.

The Malabar Group also stands out for its significant contributions to corporate social responsibility (CSR). Since its inception, the Group has allocated 5% of its profits to various CSR initiatives. Notable projects include the ‘Hunger-Free World’ initiative, providing meals to those in need, and the ‘Grandma Home’ project, offering shelter and care to destitute women. Additionally, the Group supports medical aid for the underprivileged, house construction assistance, educational scholarships for girls, and financial aid for the marriages of young women from economically challenged backgrounds. To date, more than INR 250 crore has been spent on these impactful initiatives.

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The NUWA collection celebrates nature’s intricate designs, waves, forms, folds, and textures, masterfully crafted into luxurious pieces of diamond jewelry. Drawing inspiration from the elegance and resilience found in the natural world, each piece in the collection has been meticulously crafted, refined over time, and perfected to emerge as a glorious, intricate work of art, just like women who navigate the ups and downs, standing tall and resolute in the dreams they hold. Each piece is a testament to the elegance, strength, and grace that women embody.

MP Ahammed, Chairman, of Malabar Group, said, “We are incredibly proud to introduce the NUWA collection, which celebrates both nature and the indomitable spirit of women. Each piece in this collection has been crafted with immense care and precision, reflecting nature’s intricate beauty and women’s resilience. We are honored to have Kareena Kapoor Khan launch this collection, as she perfectly represents the grace and awe that NUWA stands for.“

The NUWA collection by Malabar Gold & Diamonds stands as a testament to the women of today, their commitment to excellence, celebrating the intricate beauty of nature and the empowering essence of womanhood. Like all diamond jewelry at Malabar Gold & Diamonds, NUWA also comes with the assurance of Malabar Promises like responsibly sourced natural diamonds, tested and certified diamonds, 100% exchange value, diamonds of natural origin, 100% transparency, guaranteed buyback, etc.

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Chief Guest Mrs. Ashwini Jagtap, MLA from Chinchwad constituency, inaugurated the store in the presence of key management officials of Malabar Gold & Diamonds, Mr Fanzeem Ahamed, the Regional Head (West Zone) and other dignitaries. The Wakad store is Malabar Gold & Diamonds’ 7th store in Pune and the 34th store in the West region.

Spread over 2000 sq ft, the Wakad store offers an extensive array of bridal, traditional, contemporary, and lightweight jewelry in gold, diamonds, precious gemstones, and platinum. It also showcases jewelry from Malabar Gold & Diamonds’ popular sub-brands, including MINE Diamond jewelry, Era uncut diamond jewelry, Divine Indian heritage jewelry, Ethnix handcrafted antique jewelry collections, and Precia precious gemstones jewelry and collections like Zoul lifestyle jewelry and Viraz Polki jewelry, to name a few. Apart from unparalleled design variety, the store also offers its customers a world-class shopping experience.

Commenting on the launch of the Wakad store, M.P. Ahammed, Chairman of Malabar Group, said, “We are excited to launch our new store at Wakad. The store further strengthens our association with Pune. I would like to thank the people of Maharashtra for making Malabar Gold & Diamonds a household name and the most sought-after jeweler. The new store underlines our continued focus on serving jewelry buyers in Maharashtra with unmatched transparency in quality and pricing. We welcome all to visit our new store at Wakad for an extraordinary jewellery-buying experience.”

Malabar Gold & Diamonds offers One India One Gold Rate, which ensures uniform gold rates across the country and focuses on fair and reasonable making charges for jewelry, providing customers with the best value for money.

In a further commitment to serving its customers, Malabar Gold & Diamonds has introduced the Malabar Promises, a set of ten assurances that includes transparent pricing displaying stone weight, net weight, and stone charges on jewelry, lifetime maintenance for purchased jewelry, 100% value for old gold jewelry when exchanged, 100% HUID compliant gold, IGI and GIA certified diamonds subjected to a rigorous 28-point quality check, a buyback guarantee, responsible sourcing practices, and adherence to fair labor practices.

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