Malabar Gold & Diamonds expands Riyadh presence



ARAB NEWS

Published — Wednesday 26 September 2012

Last update 26 September 2012 8:25 am

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Malabar Gold & Diamonds, a leading jewelry retailer is unveiling its latest outlet in Batha, Riyadh, as a part of its dynamic expansions plans in Saudi Arabia.
The showroom will be inaugurated by prominent industrialist Ravi Pillai tomorrow (September 27) at 4.30 pm.
This 1,250 sq ft showroom, located at Lulu Hypermarket, Ibn Sulaiman Commercial Complex, is Malabar Group’s second outlet in Riyadh and the sixth in Saudi Arabia.
Riyadh, one of the richest cities in the Middle East, has developed into a dynamic metropolis over the years and has become a focal point for both travel and trade.
Batha, a district in downtown Riyadh, is one of the oldest sections of the city, which is famous for wholesale and gold markets.
The showroom displays exquisite assortment of fine jewelry in gold, platinum and diamond from Belgium, Hong Kong, Singapore, Italy, Turkey, Bahrain and India. Exclusive brands like Era- Uncut Diamond Jewelry, Mine- Diamonds Unlimited, Ethnix- Hand Crafted Designer Jewelry, Divine-Indian Heritage Jewelry, Starlet- Kids Jewelry, Precia-Precious Gem Jewelry is also offered at this outlet to suffice the needs of the discerning customer.
To celebrate the opening of their new outlet in Batha, Malabar Gold & Diamonds announced a special promotion, through which customers can avail free gold coin on every jewelry purchase of SR 3000 from any of their outlets in Saudi Arabia.
Customers who purchase from Malabar Gold & Diamonds outlet in Batha can also avail assured gifts on every purchase.
This offer is valid from September 27 to October 12.
Malabar Gold & Diamonds currently operates a network of 25 retail outlets in GCC and 71 worldwide.
With over 20 years of experience, Malabar Gold & Diamonds has already proven its competencies in the areas of wholesaling, retailing and manufacturing of jewelry.
The expansion plans in Saudi Arabia announced by the group recently is a part of the long term strategy to establish themselves as the world’s No 1 jewelry group by the year 2015.
The jewelry chain plans to reach out to a wider audience and is set to expand their retail presence to Singapore, Malaysia, Indonesia and Sri Lanka and European markets.
In Saudi Arabia, the group is operating 5 retail showrooms at Alkhobar, Riyadh, Dammam, Jeddah and Maccah.
They are planning to come up with more showrooms in Madina, Jubail, Al-Hasa and Jeddah and a factory at Alkhobar soon.
Their retail business has always been complemented by the additional services and offers aimed at enhancing convenience for customers, making its contributions at par with the world’s best. Ornaments purchased from Malabar Gold and Diamonds can be exchanged from any of their outlets within 15 days from the date of purchase without any lose in making charges and gold rate. Furthermore, jewellery purchased from their outlet can be exchanged with new ones without any deduction in gold rate or weight, by paying only making charges.
Their convenient gold exchange schemes ensure quality service and customer satisfaction.

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