Malabar Gold & Dıamonds Opens 56 New Stores

India-based jewelry chain Malabar Gold & Diamonds is expanding its store network to include an additional 56 locations globally.

In India 12 new stores are slated to open in Q1 of the fiscal in Chennai, Lucknow, Hyderabad, Mumbai, Pune and Bengaluru, and in small towns like Eluru, Mancherial, Solapur and Ahmednagar. Globally, new shops will open in Little India in Singapore, Kuala Lumpur and Penang in Malaysia, Ruwi, Baushar and Al Khoudh in Oman, Jeryan Jenaihat and Rawdat in Qatar, Bab al Bahrain in Bahrain and in the UAE in Al Zahia and Muweilah in Sharjah, and Silicon Oasis and Dubai Gold Souk Dubai.

 “In over 25 years we have transformed from a small retail jewelry business to a global player across the verticals of gold- and diamond-jewelry retail, manufacturing and multi-retail business,” said MP Ahammed, chairman of Malabar. “Transparency and customer trust have been our growth pillars, and the new expansion will take us to the next level.”

The chain currently has over 250 outlets in 10 countries, 14 wholesale units and design centers and factories in India, the Middle East, the Far East and the US.