Malabar Gold & Diamonds brand to set up shop in Australia
Scripting history as the first Indian International jewellery brand to begin operations in Australia, Malabar Gold & Diamonds, the 6th largest jewellery retailer globally, has launched their new showroom in Australia at Sydney
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Mumbai, Feb 06: Scripting history as the first Indian International jewellery brand to begin operations in Australia, Malabar Gold & Diamonds, the 6th largest jewellery retailer globally, has launched their new showroom in Australia at Sydney. The showroom marks Malabar Gold & Diamonds’ expansion into the 13th country of operations. Currently, the brand has an extensive retail presence of over 340 showrooms spread across India, UAE, Qatar, Kuwait, Oman, KSA, Bahrain, Singapore, Malaysia, the USA, the UK, Canada & Australia.
Commenting on the occasion, Malabar Group Chairman, MP Ahammed said, “This is a proud moment for us as the first Indian International jewellery retailer to begin operations in Australia. We have been a strong proponent of ‘Make in India; Market to the World’, showcasing the artistry of Indian jewellery on a global stage and expanding into Australia is another testimony of our commitment to this initiative. This is also a great success story leveraging the strong trade relationship and recent bi-lateral free trade agreement between Australia & India. Our growth plan in Australia will lead to significant investments into Jobs & local Economy in Australia over the next few years. On behalf of Malabar Group, I would like to thank all our customers, management team members, shareholders, and other stakeholders for their invaluable contribution towards helping us craft this historic moment and move one step closer towards our goal of being crowned as the world’s no.1 jewellery retailer.”
Located at 109 Wigram Street in Harris Park within the Little India Precinct, Malabar Gold & Diamonds’ new outlet will be the largest jewellery showroom in Sydney. With an extensive collection of jewellery in 18K, 22K gold and diamonds, the showroom will showcase over 30,000 designs across bridal wear, daily wear & and occasional wear. Malabar Gold & Diamonds has also facilitated a customized jewellery design facility at their showroom, enabling jewellery enthusiasts in the region to bring to life their jewellery design assisted by expert designers & craftsmen from the brand.
“We are extremely excited to begin our operations in Australia. Being our 13th country of operations, our venture into Australia will mark a significant shift in the country’s jewellery landscape. With a large diaspora of immigrants from the Indian Sub-continent, the jewellery sector in Australia remains a largely untapped one. Marking a significant shift in the country’s jewellery landscape, we aim to leverage our experience of over 30 years to bring forth an exceptional array of gold, diamond & precious gem jewellery. With our time-tested commitment towards providing customers with an exceptional & transparent jewellery shopping experience, I am sure that we will be able to replicate our global acceptance in Australia as well”, commented Shamlal Ahamed, MD-International Operations, Malabar Gold & Diamonds.
Ethical & responsible sourcing has been a key tenant of Malabar Gold & Diamonds’ entire operations. With the exclusive usage of 100% traceable raw materials in their jewelry, the brand ensures strict compliance with international standards for transparent gold & diamond sourcing set by globally recognized organizations such as LBMA (London Bullion Market Association) and World Gold Council. The principles of sustainability and responsibility are incorporated into its core business through practices such as zero tolerance on compliance to the rule of law, Anti-money Laundering (AML) & Combating the Financing of Terrorism (CFT), usage of FSC (Forest Stewardship Council) wood for packaging, LEED Gold certified offices and outlets.
“In addition to adding another country to our global operational map, our expansion into Australia further solidifies Malabar Gold & Diamonds’ stature as a truly global enterprise with an expansive outreach across boundaries. With 100% transparent business practice being a hallmark of our entire operations and our stringent commitment to ensuring ethical & responsible sourcing at all levels of our supply chain, we aspire to be a model organization in the global jewellery sector that safeguards the auspicious nature of jewellery”, commented Abdul Salam K.P, Vice-Chairman of Malabar Group.
In pursuit of promoting India's renowned indigenous craftsmanship on a global scale, 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.
Asher O, MD-India Operations, Malabar Gold & Diamonds sai,: “Malabar Gold & Diamonds is making remarkable progress in both the international and Indian jewelry sectors, gaining substantial momentum. The brand's strategic global expansion into new countries and within Indian states such as Rajasthan, Puducherry, Uttarakhand, Jharkhand, Goa, Assam, Tripura, and Jammu & Kashmir is poised to elevate it to the coveted No. 1 position”.
ESG (Environmental, Social & Governance) initiative has been the primary commitment of Malabar Group since its inception in 1993, with 5% of net profits set aside towards such initiatives in each country of operations. The key focus is in the areas of Health, Hunger Free World, Housing, Education, Women Empowerment & Environment. The ESG goals of the organization are periodically strengthened to remain a socially conscious and responsible organization.
