Malabar Gold & Diamonds, the 6th largest jewellery retailer globally with a strong retail network across 10 countries, has opened its 300th global showroom in Dallas, US. On the occasion, it also announced expansion plans into the UK, Bangladesh, Australia, Canada, Egypt, Turkey, and South Africa.

 

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 event was virtually attended by M P Ahammed, Chairman, Malabar Group; K P Abdul Salam, Vice-Chairman, Malabar Group; O Asher, Managing Director – India Operations and other team members.

 

“It is a moment of great pride for us as we touch the 300th mark with this new showroom in Dallas, US. We started off with a small showroom in Calicut, Kerala, India and today, in less than 30 years, we have a strong retail presence of 300 showrooms across 10 countries, all thanks to our customers, shareholders, employees and other stakeholders. 

 

“We will continue to strengthen our retail presence in the regions where we have established a robust presence, as well as enter new markets with our differentiated products, services and assurances. The acceptance and patronage received by the brand gives us the confidence to further speed up the expansion process in becoming the No 1 jewellery retailer globally,” said Ahammed, Chairman.

 

Malabar Gold & Diamonds has immediate expansion plans into the UK, Bangladesh, Australia, Egypt, Canada, Turkey and South Africa. The future expansions are expected to create approximately 6,000 job opportunities in the retail, manufacturing, technical and management areas related to jewellery trade, it said.

 

‘Malabar Gold & Diamonds has played a vital role in making Indian jewellery more acceptable at the global level in recent years. We are now crafting unique experiences targeting the individual and specific preferences of our customers. As the design discovery and initial decision-making of most customers are happening online these days, we are focusing greatly on strengthening our omnichannel retail strategy, for which we are making use of the services of global technology giants like Microsoft, IBM, Accenture, E&Y, Deloitte etc.’, said Abdul Salam.

 

“We are very excited about our future growth plan and will immediately be expanding into new markets, including the UK, Bangladesh, Australia and Canada, followed by Egypt, Turkey and South Africa. Apart from this, we will further strengthen our retail footprint within the existing markets as well. We constantly make efforts to evolve in line with the diverse preferences of our multicultural and multinational customers, as part of which we will focus further on product variety and a superior shopping experience, in addition to opening more stand-alone stores for local customers of the respective regions,” said Shamlal Ahamed.

 

The new showroom in Dallas has a stunning display of more than 30,000 jewellery designs from 20 countries across gold, diamonds, precious gems and platinum, catering to the design preferences of those residing in and around Dallas. – TradeArabia News Service