Connect with us

National News

Malabar Gold & Diamonds to Open 12 New Showrooms in March, Expands Global Network to 391 showrooms across 13 countries

Published

on

Malabar Gold & Diamonds, world’s 6th largest jeweler, is set to launch 12 new showrooms by March 2025 to further strengthen its presence across India. The latest expansion drive will take the total showroom count to 391 showrooms across 13 countries and presence in 19 states across India.

The new showrooms will be located at Panvel in Mumbai, Sinhagad Road in Pune, Brahmapur and Soubhagya Nagar in Odisha; Dhanbad in Jharkhand, Hospet, Nagarbhavi and Chitradurga in Karnataka; Nandyal, Amalapuram, Machilipatanam in Andhra Pradesh, Varanasi in UP.

Malabar Group has invested Rs. 600 crores in this expansion phase and hired 406 employees in various roles this financial year.

Malabar Gold & Diamonds plans to open 60 new showrooms in 2025, further expanding its global presence. In April 2025, the Group is set to inaugurate 5 new showrooms, marking its expansion into the Middle East, UK, and Canada.

Malabar Gold & Diamonds has launched a consumer awareness campaign with prolific actor and brand ambassador NTR Jr. The campaign highlights the brand as a responsible jeweller, emphasizing its commitment to sustainable practices, authentic hallmarked jewellery, and certified natural diamonds.

Commenting on the expansion, MP Ahammed, Chairman, Malabar Group said, “Our expansion plan is aligned with our broader vision of extending our global footprint and offering quality-focused, transparent retail practices coupled with a world-class shopping experience to more people across the world. We are deeply committed to ethical business practices and responsible sourcing, which are at the core of our values. As we continue to grow and enter new markets, each showroom opening represents a step closer to realizing our vision of becoming the world’s number one jewellery and luxury brand. This global market penetration not only broadens our reach but also strengthens our position as a trusted brand that offers excellence, integrity, and unparalleled luxury to our customers worldwide.”

All our showrooms will offer a diverse range of traditional and contemporary jewellery collections, coupled with a personalized shopping experience, demonstrating Malabar Gold & Diamonds’ dedication to customer service excellence.

Malabar Gold & Diamonds operates 11 state-of-the-art factories across India and 5 international units, ensuring world-class craftsmanship and quality in jewelry manufacturing. Its key facilities in Hyderabad, Jaipur, and Bangalore serve as innovation hubs, equipped with the latest technology to create exquisite designs while adhering to the highest standards of legal compliance, quality assurance, and sustainability. Beyond production, the company places a strong emphasis on employee well-being, occupational health, and safety, fostering a work environment that empowers artisans and upholds global best practices.

Malabar Gold & Diamonds is renowned for its commitment to customer satisfaction through its “Malabar Promises,” which include transparent pricing with a detailed cost breakdown, lifetime free maintenance services available at all global showrooms, and a 100% exchange value for old gold and diamonds. The company ensures that all jewellery is 100% HUID- compliant, offering complete transparency and authenticity. Certified diamonds undergo 28- point quality checks, and every jewellery purchase comes with one year of free insurance, with options for extended coverage and warranty. The brand also guarantees its gold is responsibly sourced from authorised channels, ensuring ethical practices throughout its supply chain.

Beyond India, Malabar Group’s global presence spans across the UAE, Qatar, Kuwait, Oman, Saudi Arabia, Bahrain, Singapore, Malaysia, USA, UK, Canada, and Australia. The company employs over 25,000 professionals from 26 countries. Malabar Gold & Diamonds also operates 14 wholesale units across eight countries, 15 jewellery manufacturing units in five countries, design studios, and boasts over 25 exclusive brand collections, serving more than 15 million satisfied customers from 100 countries.

A cornerstone of Malabar Group’s corporate social responsibility initiatives is the ‘Hunger Free World’ project, which aims to alleviate hunger by providing nutritious meals. Currently, the initiative distributes food packets to 60,000 individuals daily across 81 cities in 17 Indian states. In addition, 10,000 food packets are distributed daily to schoolchildren in Zambia, Africa. To date, Malabar Group has invested over ₹286 crore in various CSR activities.

Additionally, as part of the Malabar Group’s ongoing Hunger Free World initiative, 581 micro learning centers have been established across the country to provide basic education to street children and facilitate their transition into formal schooling.

So far, 25,800 children have been enrolled in these centres, where they receive one year of foundational education to help them return to or begin formal education. The initiative ensures each child continues their studies in a structured school environment, with an annual expenditure of Rs. 10,000 per child to support their education.

Children who complete their 10th standard will receive support for higher studies on campuses across various states, with additional scholarships available to girls as part of the Group’s commitment to women’s empowerment

Continue Reading
Advertisement JewelBuzz Banner
Click to comment
Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

National News

Jaipur Gem & Jewellery Bourse Poised To Transform Global Coloured Gemstone Trade

Backed By Rajasthan Government and CIBJO, The Jaipur Gem & Jewellery Bourse Aims To Become The World’s Leading Hub For Coloured Gemstone Trade, Sourcing and Innovation.

Published

on

As global demand for coloured gemstones continues to surge, industry leaders are positioning the Jaipur Gem & Jewellery Bourse (JGJB) as a transformative initiative that could redefine the future of international coloured gemstone trade, sourcing, and distribution.

Gaetano Cavalieri, President of CIBJO – The World Jewellery Confederation, accompanied by Shri Pramod Agrawal, Chairman of the Jaipur Gem & Jewellery Bourse and Vice President, CIBJO, met Hon’ble Chief Minister of Rajasthan, Shri Bhajan Lal Sharma. The discussions focused on the transformative role of the Jaipur Gem & Jewellery Bourse in strengthening Jaipur’s position as the global capital of coloured gemstones.

During the meeting, Cavalieri thanked the Hon’ble Chief Minister and the Government of Rajasthan for their vision and support in advancing the Jaipur Gem & Jewellery Bourse, noting that the project will benefit the global coloured gemstone industry by creating a transparent, organised and internationally connected marketplace.

A major driving force behind the project has been the proactive support extended by the Government of Rajasthan, which has played a crucial role in facilitating the development process. The land allotment through RIICO, and continued engagement under the Rajasthan Investment Promotion Scheme (RIPS) reflect the State Government’s vision of positioning Rajasthan as a premier global jewellery and gemstone destination.

Expressing his gratitude to the Rajasthan Government, Pramod Agrawal, Chairman of the Jaipur Gem & Jewellery Bourse and Vice President, CIBJO, said:

“Our meeting with Hon’ble Chief Minister Shri Bhajan Lal Sharma reaffirmed the Rajasthan Government’s strong support for the Jaipur Gem & Jewellery Bourse. The Hon’ble Chief Minister assured us of the Government’s support in providing the infrastructure, policy support, skilling initiatives and investment ecosystem required to realise this landmark project. This gives the industry tremendous confidence as we move towards creating a world-class hub that will strengthen Jaipur’s position as the global capital of coloured gemstones.”

“Through strong collaboration between industry, government and global stakeholders, the Jaipur Gem & Jewellery Bourse has the potential to become a catalyst for trade expansion, investment, innovation, employment and sustainable growth across the gemstone value chain,” added Pramod Agrawal.

Jaipur already occupies a unique position in the global gemstone value chain, processing and trading a significant share of the world’s coloured gemstones. The Bourse seeks to elevate this leadership by bringing together manufacturers, traders, international buyers, sourcing offices, laboratories, logistics providers, auction facilities, technology partners and support services within a single world-class platform.

Kirit Bhansali, Chairman, GJEPC said:

“Jaipur’s unmatched expertise in coloured gemstones has made it a cornerstone of the global gem and jewellery industry for centuries. The Jaipur Gem & Jewellery Bourse will strengthen India’s leadership in the global coloured gemstone trade by creating a world-class ecosystem that connects heritage, craftsmanship and international commerce.”

Raju Agarwal Mangodiwala, President, The Jewellers Association, Jaipur, said :

“The Jaipur Gem & Jewellery Bourse reflects the collective vision of Jaipur’s gem and jewellery fraternity. We are proud to support an initiative that will empower our artisans, traders and entrepreneurs while strengthening Jaipur’s global position.”

Gaetano Cavalieri, President, CIBJO, described the initiative as one of global significance and a timely response to evolving market dynamics.

“The market is requesting increasing quantities of coloured gemstones, particularly quality gemstones, and Jaipur has always been one of the world’s most important centres for the coloured gemstone trade. The establishment of the Jaipur Gem & Jewellery Bourse responds directly to this growing demand by creating an organised, transparent and responsible trading environment.”

Emphasising the international relevance of the project, Cavalieri added: “This is not something related only to India. It is something related to the world through Jaipur and through India. The Bourse has the potential to become a reference point for the global coloured gemstone industry by bringing together trade, services, sustainability and traceability within a single ecosystem.”

Cavalieri further noted that the Bourse would strengthen confidence across the supply chain by promoting responsible business practices, transparency, sustainability and traceability — principles that are becoming increasingly important for consumers, brands and retailers worldwide.

Industry leaders believe the project will create significant opportunities for international buyers, jewellery manufacturers, luxury brands and gemstone traders seeking efficient access to high-quality coloured gemstones through an organised marketplace. The concentration of services and infrastructure is also expected to improve business efficiency, accelerate trade flows and foster greater collaboration across the global industry.

The Jaipur Gem & Jewellery Bourse is being developed as the world’s first dedicated bourse exclusively for coloured gemstones and coloured gemstone-studded jewellery. Planned facilities include more than 1,750 trading offices and kiosks, customs facilitation, gem-testing laboratories, auction facilities and a comprehensive range of trade support services.

As the coloured gemstone capital of the world, Jaipur is uniquely positioned to lead the next phase of growth in the global gemstone industry. With growing international support and a shared vision among industry stakeholders, the Jaipur Gem & Jewellery Bourse is expected to emerge as the world’s leading destination for coloured gemstone sourcing, trading, innovation, education and industry collaboration.

The Jaipur Gem & Jewellery Bourse, jointly promoted by GJEPC and the Jewellers Association Jaipur (JAJ), is expected to generate around 60,000 additional jobs and create a modern ecosystem that bridges Jaipur’s centuries-old gemstone craftsmanship with modern international trade and business standards.

Continue Reading

Trending

JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.

We would like to hear from you...

GET WHATSAPP NEWS ALERTS

0
Would love your thoughts, please comment.x
()
x