Malabar Gold & Diamonds expands retail presence in US

Malabar Gold & Diamonds, positioned as the 6th largest jewellery retailer globally with an annual turnover of USD 6.2 billion and retail presence of 350 showrooms across 13 countries, has just unveiled its 4th showroom in the USA at Naperville, Illinois. 

This brings the global jewellery brand’s showroom count globally to 350, with 5 showrooms in North America. Malabar Gold & Diamonds currently has an extensive retail presence across the USA, Canada, the UK, Australia, India, UAE, Qatar, Oman, Bahrain, Kuwait, KSA, Malaysia & Singapore.  

“The launch of Malabar Gold & Diamonds’ 350th Global showroom in the USA is a proud occasion for us as it signifies the growing footprint of our brand in the international jewellery arena. Located in the city of Naperville, this showroom will undoubtedly bring the best of what we have to offer in terms of both jewellery & experience,” said the Chairman of Malabar Group, M.P Ahammed. 

Located at Patel Plaza in Naperville and spread across 6,400+ sq. ft, the new outlet houses over 30,000 designs across 25 exclusive brands and collections in gold, diamond & precious gem jewellery. 

The other 3 US showrooms of Malabar Gold & Diamonds are in Chicago, New Jersey & Dallas. “The USA is one of the largest jewellery markets in the world in terms of both buying power and population, and I am very excited to launch our 4th showroom in the country. The large segment of the Indian subcontinental diaspora in the USA is an opportunity for us to expand our offerings to a base of consumers who truly appreciate the artistry of Indian jewellery. Our future initiatives in North America include expansion into Los Angeles, Atlanta, San Francisco, Seattle, Austin, Tampa & Virginia in the USA and in Canada, we have plans covering British Columbia & Alberta,” said Shamlal Ahamed, MD-International Operations, Malabar Gold & Diamonds. 

The company informs that the new showroom is equipped with a customized jewellery designing facility, presenting customers with the option to design their own jewellery with the assistance of Malabar Gold & Diamonds’ expert designers and craftsmen. 

Malabar Gold & Diamonds has embarked on an ambitious expansion plan, which involves strengthening their retail presence in existing regions with more showroom launches, as well as charting their expansion into new countries such as South Africa, Egypt, Bangladesh, Turkey and New Zealand. 

“While Malabar Gold & Diamonds is making great strides in the international jewellery sector, our operations in India, which remains our biggest market, is going forward with equal momentum. Our prestigious position in the Indian jewellery market is poised to be strengthened further by our planned expansion within existing states of operation as well as into states such as Uttarakhand, Jharkhand, Goa, Assam, Tripura, and Jammu & Kashmir,” said Asher O, India Operations, Malabar Gold & Diamonds.