Grand opening 300th North Texas hosted the global showroom for Malabar Gold & Diamonds, the world’s sixth largest jewelry retailer with a strong retail network of 300 showrooms in 10 countries.
Susan Fletcher, Commissioner of Collin County, and Jeff Cheney, Mayor of Frisco, Texas, jointly opened the showroom in the presence of Shamlal Ahamed, Managing Director of International Operations, Joseph Epen, President of the United States, Malabar Gold & Diamonds, and Jasar R., Branch Manager . , Malabar Gold & Diamonds and Simmy Sharma, Head of Business Development – USA. The event was also attended by other members of the team, well-wishers and dignitaries. This is Malabar Gold & Diamonds’ third US showroom, with the other two located at Oak Tree Road in New Jersey and West Devon Avenue in Chicago. The Dallas Showroom is located at 5811 Preston Road, Frisco.
“This is a moment of great pride for us as we touch 300th familiar with this new showroom in Dallas, USA,” said MP Ahammed, Chairman of Malabar Group. “We started with a small showroom in Calicut, Kerala, India and today, in less than 30 years, we have a strong retail presence with 300 showrooms in 10 countries; all thanks to our customers, shareholders, employees and other stakeholders. We will continue to strengthen our retail presence in the regions where we have established a strong presence, as well as expand into new markets with our differentiated products, services and warranties. The acceptance and patronage received by the brand gives us confidence to further accelerate our expansion process to become the No. 1 jewelry retailer in the world.
Malabar Gold & Diamonds currently operates in 10 countries and is planning immediate expansion to the UK, Bangladesh, Australia, Canada, Egypt, Turkey and South Africa. Future expansions are expected to create approximately 6,000 jobs in retail, manufacturing, technical and management areas related to the jewelry trade.
“Malabar Gold & Diamonds has played a vital role in making Indian jewelery more globally acceptable and trustworthy in recent years. We are now creating unique experiences tailored to the individual and specific preferences of our customers,” said Mr. Abdul Salam K.P., Vice Chairman of the Malabar Group. focusing heavily on strengthening our multi-channel retail strategy, for which we use the services of global technology giants such as Microsoft, IBM, Accenture, E&Y, Deloitte, etc.”
Malabar Gold & Diamonds is known worldwide for offering an unrivaled jewelry buying experience with convenience and customer friendly policies, as well as the “Malabar Promise” of unparalleled quality and service guarantee. This includes guaranteed lifetime service at any of the showrooms in 10 countries, guaranteed buyback, IGI and GIA certified diamonds providing 28-point quality checks to world standards, zero deduction gold exchange, full transparency, pure 916 gold samples, responsible pricing and fair labor practices.
“We are very excited about our future growth plan and will be entering new markets immediately, including the UK, Bangladesh, Australia and Canada, followed by Egypt, Turkey and South Africa,” said Shamlal Ahamed, Managing Director of International Operations, Malabar. Gold and diamonds. “In addition, we will continue to strengthen our retail presence in existing markets. We are constantly making efforts to develop in accordance with the diverse preferences of our multicultural and multinational customers, in which we will pay more attention to product diversity and shopping excellence, in addition to opening more offline stores for local customers. respective regions.
The new Dallas showroom features a stunning display of over 30,000 gold, diamond, gemstone and platinum jewelry from 20 countries, catering to the tastes of Dallas and the surrounding area.
“We also have an ambitious retail expansion plan in India, especially in the northern and central states of India, and we are seriously preparing to enter new territories by setting higher standards in the jewelry trade,” said O Asher, Managing Director. India Operations Director, Malabar Gold & Diamonds. “We understand the sensitivity of the industry and ensure compliance through responsible sourcing, ethical business practices, and transparent and professional fund management. Our collaboration with merchants, financial institutions and government regulators helps ensure our operations are flawless worldwide.”
“We will continue to strengthen our manufacturing capacity to support our drive to expand retail globally,” said Nishad A.K., Managing Director, Manufacturing & B2B Group, Malabar Group. “As part of this process, we will also be hiring skilled artisans and related personnel. It will also further strengthen our mission of “Make in India, sell to the world”. In line with the brand’s vision as a responsible jeweler, all of our current and future facilities are and will be designed to provide a safe and enjoyable working environment for employees.”
Since its founding in 1993, Malabar Group believes that the most successful companies are those that integrate responsibility and sustainability into their core business and dedicate 5% of their profits to support socially responsible goals both in India and abroad. Hunger, health, education, women’s empowerment, housing and the environment are the group’s key focus areas.