The inauguration of the 300th global showroom of Malabar Gold and Diamonds, the sixth largest jewelry retailer globally with a retail network of 300 showrooms across 10 countries, was held in Dallas, US.
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; other team members and dignitaries.
“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 jewelry retailer globally,” said chairman Ahammed.
Malabar Gold currently operates in 10 countries and has immediate expansion plans into the UK, Bangladesh, Australia, Egypt, Canada, Turkiye 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 jewelry trade.
“Malabar Gold & Diamonds has played a vital role in making Indian jewelry more acceptable and trustworthy 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 omni-channel retail strategy, for which we are making use of the services of global technology giants like Microsoft, IBM, Accenture, E&Y, Deloitte etc.,” said vice chairman Salam.
The new showroom in Dallas has a display of more than 30,000 jewelry designs from 20 countries across gold, diamonds, precious gems and platinum.