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

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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

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June Marked A Strong Rebound In India’s Gem and Jewellery Exports, Surging 26.51% Year-On-Year On Robust Demand Across Key Products and Global Markets

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India’s gem and jewellery exports recorded a strong recovery in June 2026, with gross exports rising 26.51% year-on-year to US$ 2.21 billion (Rs. 21,010.78 crore) compared to US$ 1.75 billion (Rs. 15,023.07 crore) in June 2025. The robust monthly performance was driven by healthy demand for gold jewellery, cut and polished diamonds, silver jewellery and platinum jewellery, lab-grown diamonds across key international markets.

For the April–June 2026 period, India’s overall gross gem and jewellery exports remained stable at US$ 6.61 billion (Rs. 62,588.61 crore), registering a marginal 0.04% growth in US Dollar terms and a 10.76% increase in Rupee terms over the corresponding period last year, demonstrating the sector’s resilience amid continued global economic uncertainties and elevated precious metal prices.

Commenting on the export performance, Shri Kirit Bhansali, Chairman, Gem & Jewellery Export Promotion Council (GJEPC), said,

“The strong rebound in June exports reflects the resilience of India’s gem and jewellery sector amid an evolving global trade environment. While exports during the April–June quarter remained broadly stable, the sharp recovery in June is an encouraging sign for the months ahead. Continued demand from key markets, market diversification, and the benefits of recently concluded trade agreements such as the India–UK CETA are expected to further strengthen export growth. GJEPC will continue to work closely with the Government and industry stakeholders to enhance India’s global competitiveness and unlock new export opportunities.”

“The strong rebound in jewellery exports in June 2026 was supported by a significant correction in international gold prices. Gold prices declined by 10.28% month-on-month, falling from US$ 4,723.88 per troy ounce in May 2026 to US$ 4,238.32 per troy ounce in June 2026. The decline in bullion prices lowered raw material costs, enabling Indian exporters to offer more competitive prices in global markets. This improved price competitiveness, coupled with stronger demand in key overseas markets, boosted export volumes and strengthened buyer sentiment. Additionally, the successful participation of Indian exporters in major jewellery exhibitions in Kuwait and Sharjah further supported export orders and contributed to the strong recovery in June exports.  However, the problems in availability of gold to exporters continue due to a technical regulatory issue of GST applicability at the import level by the Nominated Agencies notified by RBI. Council is working with the Govt to resolve this issue.”

June 2026: Product-wise Export Performance

  • Gold Jewellery (Plain & Studded) exports surged 54.50% year-on-year to US$ 1,087.74 million (Rs. 10,330.51 crore).
  • Plain Gold Jewellery exports grew 25.34% year-on-year to US$ 453.76 million (Rs. 4,311.43 crore). The growth was driven by strong demand from the UAE, USA, Saudi Arabia, Singapore, and the UK.
  • Studded Gold Jewellery exports surged 85.35% to US$ 633.97 million (Rs. 6,019.08 crore), with the UAE, Saudi Arabia and the UK emerging as the key export markets.
  • Cut & Polished Diamonds exports increased 8.71% to US$ 846.73 million (Rs. 8,039.30 crore), supported by healthy demand from the UAE, Hong Kong, Belgium, Canada, and the USA.
  • Silver Jewellery exports declined 23.98% to US$ 58.77 million (Rs. 557.52 crore) in June 2026.
  • Platinum Jewellery exports grew 34.77% to US$ 17.44 million (Rs. 165.55 crore), with the USA, UK, UAE, Germany, and Hong Kong being the principal export markets.
  • Polished Lab-Grown Diamonds exports recorded a robust 52.25% growth to US$ 101.35 million (Rs. 961.92 crore), driven by strong demand from Hong Kong, the UAE, Thailand, Canada, and the USA.
  • Coloured Gemstones exports declined 23.63% to US$ 26.26 million (Rs. 249.63 crore).

April–June 2026: Product-wise Export Performance

  • Gold Jewellery (Plain & Studded) exports stood at US$ 2.78 billion (Rs. 26,357.04 crore) during April–June 2026, registering a 2.35% decline compared with US$ 2.85 billion (Rs. 24,372.70 crore) in the corresponding period last year.
  • Plain Gold Jewellery exports declined 23.30% to US$ 1.13 billion (Rs. 10,704.54 crore) during April–June 2026, compared to US$ 1.47 billion (Rs. 12,611.39 crore) in the corresponding period last year.
  • Studded Gold Jewellery exports grew 20.10% to US$ 1.65 billion (Rs. 15,652.50 crore) from US$ 1.38 billion (Rs. 11,761.31 crore) in April–June 2025.
  • Cut & Polished Diamonds exports declined 4.13% to US$ 2.72 billion (Rs. 25,773.90 crore) compared to US$ 2.84 billion (Rs. 24,271.10 crore) in the corresponding period last year.
  • Silver Jewellery exports nearly doubled, rising 97.78% to US$ 431.30 million (Rs. 4,060.27 crore) from US$ 218.07 million (Rs. 1,865.38 crore) in April–June 2025.
  • Platinum Jewellery exports increased 27.66% to US$ 58.67 million (Rs. 554.81 crore) from US$ 45.96 million (Rs. 393.23 crore) during the corresponding period last year.
  • Polished Lab-Grown Diamonds exports increased 14.92% to US$ 296.24 million (Rs. 2,805.39 crore) from US$ 257.77 million (Rs. 2,204.84 crore) during the same period last year.
  • Coloured Gemstones exports declined 15% to US$ 82.25 million (Rs. 778.57 crore) compared to US$ 96.76 million (Rs. 826.93 crore) in April–June 2025.
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