Malabar Gold & Diamonds plans to open 100 new stores this year, enter new international markets

Fine jewellery brand Malabar Gold & Diamonds plans to launch 100 new brick-and-mortar stores in the 2025 financial year. The Kerala based business aims to reach more shoppers across India and make its offline debut in countries across the globe.  

Malabar Gold & diamonds plans to open exclusive brand outlets in Bangladesh, Egypt, and New Zealand by 2025, the brand announced in a statement on April10. The jewellery business also plans to strengthen its pre-existing retail presence in countries including Australia, the US, UK, and Canada where it has recently opened retail outlets.
 
Malabar Gold & Diamonds plans to launch its first brick-and-mortar stores on the continent in Europe. The business also runs brick-and-mortar outlets in Malaysia and Singapore in Southeast Asia and the UAE, Bahrain, Kuwait, Saudi Arabia, Oman, and Qatar in the Middle East, according to its official website.
 
“Given our extensive global presence, we maintain our dedication to responsibly sourcing gold, ensuring it is mined without infringing upon the rights of individuals, particularly children, animals, and their habitats, assuring ethical practices, and transparent fund management,” said Malabar Group’s chairman MP Ahammed, India Retailing Bureau reported. “We remain dedicated to sourcing responsibly mined materials and contributing positively to the communities we serve.”
 
Along with expanding its international presence, Malabar Gold & Diamonds plans to connect with Indian customers in states including Jharkhand, Goa, Assam, Tripura, and Jammu and Kashmir by opening new stores this year. The business’ customer base spans 100 countries, which it caters to with its e-commerce store.