Sunday, May 19, 2024
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Malabar Gold & Diamonds Inaugurates 350th Global Showroom in Naperville, Illinois, USA

Malabar Gold & Diamonds, recognized as the 6th largest jewellery retailer globally with an annual turnover of USD 6.2 billion and a retail presence spanning 350 showrooms across 13 countries, has unveiled its latest showroom in Naperville, Illinois. This marks the brand’s 4th showroom in the USA and its 350th worldwide, further solidifying its position as a leading global jewellery brand. Malabar Gold & Diamonds has established a significant retail presence across various regions including the USA, Canada, the UK, Australia, India, UAE, Qatar, Oman, Bahrain, Kuwait, KSA, Malaysia, and Singapore.

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The inauguration of the new showroom was graced by HE. Somnath Ghosh, Consul General of India in Chicago, in the presence of notable dignitaries such as Shamlal Ahamed, MD-International Operations, Malabar Gold & Diamonds, Rakesh Patel of Patel brothers, Joseph Eapen, President of North America operations of Malabar Gold & Diamonds, community leaders, government representatives, management team members, customers, and well-wishers.

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Commenting on this significant occasion, M.P Ahammed, Chairman of Malabar Group, expressed his pride, stating, “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.”

The newly unveiled showroom, situated at Patel Plaza in Naperville and spanning over 6,400+ sq. ft, boasts an extensive collection of over 30,000 designs across 25 exclusive brands and collections in gold, diamond & precious gem jewellery. It offers a diverse range of jewellery options including bridal jewellery, occasional wear, daily wear, and office wear. Notably, this addition complements Malabar Gold & Diamonds’ existing showrooms in Chicago, New Jersey, and Dallas.

Speaking about the expansion into the USA, Shamlal Ahamed, MD-International Operations, Malabar Gold & Diamonds, remarked, “The USA is one of the largest jewellery markets globally, and we are excited to launch our 4th showroom in the country. The large segment of the Indian subcontinental diaspora in the USA presents an opportunity for us to expand our offerings to consumers who appreciate the artistry of Indian jewellery.”

In addition to showcasing exquisite jewellery pieces, the new showroom offers a customized jewellery designing facility, allowing customers to create bespoke jewellery with the assistance of Malabar Gold & Diamonds’ expert designers and craftsmen.

Abdul Salam K.P, Vice Chairman of Malabar Group, highlighted the success of Malabar Gold & Diamonds in North America, emphasizing the growing demand for Indian-made jewellery in the western hemisphere.

As part of its ambitious expansion plans, Malabar Gold & Diamonds aims to strengthen its retail presence in existing regions and explore new markets such as South Africa, Egypt, Bangladesh, Turkey, and New Zealand.

The brand’s commitment to social responsibility is evident through its ESG (Environmental, Social & Governance) initiatives, with 5% of net profits allocated towards various social causes including Health, Hunger Free World, Housing, Education, Women Empowerment, and Environment. This reaffirms Malabar Gold & Diamonds’ position as a socially conscious and responsible organization, dedicated to making a positive impact on society.

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