2022 is indeed a good year for Malabar Gold & Diamonds. As part of its global expansion plans for 2022, the brand is all set to launch 22 new showrooms in India and abroad in January itself. For the first time in India a jewellery retailer is opening so many showrooms in a single month.
Out of the 22 new showrooms, 10 will be in India and the rest will be in West Asia and South East Asia where the brand already has a presence. The addition of these stores will also grow the brand’s retail footprints into Tier 2 and 3 towns of India where the brand is rapidly gaining acceptance.
The Group will invest a total of Rs 800 crore for this new phase of expansion in January this year. With the aim of becoming the largest jewellery group in the world, Malabar Gold and Diamonds is targeting to open 750 stores and become the number one gold retailer in the world. This expansion programme will create approximately 5000 job opportunities in the retail, manufacturing, technical and management areas related to jewellery trade, said Malabar Group Chairman M P Ahammed.
“In 28 years of our illustrious journey, Malabar Gold & Diamonds has grown from strength to strength. We will continue to strengthen our retail presence in the regions where we have established a robust presence and also enter new markets with our differentiated services and products. With the launch of 22 showrooms in January, we are all set to make an impactful beginning to the New Year. We are confident that our customers will enjoy the world-class jewellery shopping experience at all our new showrooms and also appreciate our values based on transparency, trust, quality and service. Our mission is to Make in India and Market to the world. Our commitment is to highlight further the brand value of Indian jewellery at the international level and create more job opportunities in the manufacturing sector domestically. This is our core policy,” said MP Ahammed, Chairman, Malabar Group.