National News
Malabar Gold & Diamonds Awarded Scholarships to 350+ Girl Students in Ghatkopar Reinforcing its vision of Women Empowerment
Malabar Group, India’s leading business conglomerate and the parent company of Malabar Gold & Diamonds, reaffirmed its commitment to empowering young women through education by awarding scholarships worth ₹29,00,000 to over 350 deserving girl students across 30+ schools.
The scholarship distribution ceremony was held at Zaverben Popatlal Sabhagruha Auditorium, Ghatkopar, Mumbai, where financial aid was provided to ensure these students can pursue their academic aspirations without constraints. This initiative reflects Malabar Group’s dedication to fostering education and enabling young women to build a brighter future.
The event was graced by the presence of Shri Sanjay Mukund Kelkar, Member of the Maharashtra Assembly, as the chief guest. His participation underscored the importance of collective efforts in promoting women’s education, further strengthening their role in society and helping them achieve a position of dignity and respect.

Speaking in regards to the initiative, MP Ahammed, Chairman, Malabar Group, said, “Providing Education to young girls is the most effective ways of ensuring positive change as education lays the foundation of a progressive nation, and equipping young women with the means and knowledge for betterment is one of the most impactful ways of ensuring a brighter future. These scholarships are not just supposed to be an economic aid to the students; but they are also investments in the future of our society, ensuring that no young girl has to compromise on reaching the pinnacle of her potential, due to financial misfortune”
Since its establishment in 1999, the Malabar Charitable Trust has been at the forefront of numerous social welfare initiatives. Malabar Group dedicates 5% of its annual profits to CSR activities, focusing on education, healthcare, environmental sustainability, and poverty alleviation.
The Malabar Scholarship program, a flagship initiative under the Group’s CSR framework, continues to bridge educational gaps for marginalized communities. By fostering academic opportunities for young girls, Malabar Group aims to create a ripple effect of progress that extends beyond individuals to families and entire communities.
The group’s overarching narrative to support education and skill development across India is further highlighted by this Scholarship distribution event in Mumbai. Malabar Group’s broader mission to support sustained initiatives has seen the Group remain committed to empowering future generations and fostering an inclusive, educated society for all.
National News
Indian Natural Diamond Industry’s Revenues Projected To Stabilize: CRISIL Ratings
Natural Diamonds Retain Their Appeal In Premium Segments, Where Branding, Rarity and Emotional Value Remain Key Purchase Drivers
A report by CRISIL Ratings shows that India’s natural diamond industry is expected to hold steady at $15 billion in revenue this year rather than making a major recovery.
Strong domestic sales: Indian shoppers are buying more diamond jewellery locally, helping offset falling exports to key markets like the US and China. Domestic sales now make up nearly 25% of overall industry revenue (up from less than 15% in 2024).
Impact of Lab-Grown Diamonds (LGDs): Lab-grown diamonds have become very popular for smaller, budget-friendly pieces (especially in the US), taking market share away from smaller natural diamonds.
Natural diamonds stay premium: Large, rare natural diamonds (over 4 carats) continue to rise in price and retain their status as luxury items.
China remains another area of concern. Weak consumer sentiment and a sustained preference for gold continue to limit discretionary spending on diamond jewellery.
Even so, natural diamonds retain their appeal in premium segments, where branding, rarity and emotional value remain key purchase drivers.
The bottom line: Polishing companies are exercising strict inventory control to keep their finances stable while waiting for global demand to recover.
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