Malabar Gold and Diamonds 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.
MP Ahammed, Chairman, 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,” he added.
Malabar Gold and Diamonds have robust retail expansion plans in India which involve key cities such as Bhopal and Surat as well as key Tier ll markets such as Iritty, Anakapalle, Nanded, Vapi, Vasai, and Vizianagaram.
Malabar Gold and 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.
Malabar Gold and Diamonds is established in 1993 and is the flagship company of Malabar Group, a leading diversified Indian business conglomerate with an annual turnover of $4.1 billion. Malabar Gold and Diamonds currently ranks the 6th largest jewelry retailer globally and has a strong retail network of 300 outlets spread across 10 countries in addition to multiple offices, design centers, wholesale units, and factories spread across India, the Middle East, the Far East, and the US. The Group, owned by more than 4,000 shareholders, has more than 16,500 professionals from over 26 countries working towards its continued success. Malabar Gold and Diamonds also has an online store providing customers the convenience of shopping for jewelry from the comfort of their homes.