Malabar Gold and Diamonds announces foray into Madhya Pradesh

 Malabar Gold and Diamonds plan to launch showroom in Indore, Jabalpur and Bhopal
 Creating more than 3000 employment opportunities for people across India this year
 Plans to open 97 showrooms – 60 across India and 37 overseas – in FY23

12th August, 2022: Malabar Gold and Diamonds, one of the largest gold and diamond retail chains in the country, announced its foray into Madhya Pradesh with a plan to launch three showrooms in the state. The first showroom will be launched at Indore in August followed by showroom launches in Jabalpur and Bhopal.

The launch of the three showrooms in Madhya Pradesh is a part of Malabar Gold and Diamonds’ plan to open 97 showrooms – 60 across India and 37 overseas – in FY23. Malabar Gold and Diamonds aims to take the showroom tally to 373 by March 2023 with a robust presence in 13 countries.

Commenting in the expansion, MP Ahammed, Chairman, Malabar Group said, “We are delighted to offer quality designs, transparent pricing and world-class shopping experience to the people of Madhya Pradesh. The jewellery at our showrooms will reflect the rich cultural heritage of the state. With our mission to `Make in India, Market to the World’, we aim to reach out to more and more customers with unparalleled craftsmanship and unique designs of our country.”

The group has also launched a special return to work programme for women on a career break. In addition, it is creating more than 3000 employment opportunities for people across India this year. Malabar Gold and Diamonds currently has more than 14,000 employees. The group offers healthy work environment and provides its employees the opportunity to become investors. It promotes diversity, equality, growth, entrepreneurial spirit among its employees apart from extending flexible working options toa certain section of employees as per requirements.

The soon-to-be launched showrooms will introduce an extensive range of contemporary and traditional jewellery collections following stringent quality and transparent pricing standards to the people of Madhya Pradesh.

With the launch of these showrooms, Malabar Gold and Diamonds will introduce One India One Gold Rate in Madhya Pradesh, a unique price standardisation initiative under which it offers uniform gold rates across the country. One India One Gold Rategets rid of gold price variations across the states and offers customers an opportunity tobuy 100 percent BIS hallmarked gold at one best rate.

Malabar Gold and Diamonds has recently won awards in two categories – Highest Employment on the Company Rolls and Global Retailer of the Year at the 48th India Gem & Jewellery Awards (IGJA) 2021 organised by Gem & Jewellery Export Promotion Council (GJEPC).