Global Indian chain ‘Malabar Gold & Diamonds’ opens showroom in Sydney

Photo- Malabar Jewellery & Diamonds, Sydney.

SYDNEY, 6 February 2024: The largest jewellery showroom, ‘Malabar Gold & Diamonds’ was inaugurated here in Harris Park, Little India by cricketer, Brett Lee. The showroom ‘Malabar Gold & Diamonds’, is headquartered in Kozhikode, Kerala, has 340 showrooms across the world in 12 countries and the Australian showroom (Sydney) is in the 13th country.

With an annual turnover of $5.2 billion, the company currently ranks as one of the largest jewellery retailers globally. With 14 manufacturing units in India and GCC – the company currently has 12 exclusive jewellery brands to cater to the discerning needs of its customers.

The showroom was inaugurated by Australian cricketer Brett Lee in the presence of Mr. Shamlal Ahamed, MD – International Operations, Malabar Gold & Diamonds; Mr. Asher O, MD – India Operations, Malabar Gold & Diamonds; Mr. Ajith M, Regional Head – Far East & Australasia, Malabar Gold & Diamonds; Dr. S Janakiraman, Consul General of India, Sydney; Cr Sameer Pandey, Councillor, Parramatta City Council; Ms. Charishma Kaliyanda, MP, Representing Minister for Trade & Investments, NSW Government; Cr Paul Noack, Councillor, Parramatta City Council; senior management from Malabar Gold & Diamonds, customers and well-wishers.

Located at 109 Wigram Street Harris Park, Sydney , has an extensive collection of jewellery in 18 and 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 customised jewellery design facility at their showroom, enabling jewellery enthusiasts to bring to life their jewellery design assisted by Malabar expert designers and craftsmen.

As part of the inaugural offers, customers will get a free diamond gift voucher worth AUD 50 for every jewellery purchase above AUD 1500 and for purchases above AUD 2500, customers will get voucher worth AUD 100. The offers will be valid until the 11th of February, 2024*.

Malabar Group Chairman, M.P 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 the Indian Government mandate ‘Make in India; Market to the World’. Showcasing the artistry of Indian jewellery on a global stage and expanding into Australia is testimony to our commitment to this initiative.

This is also a great success story leveraging the strong trade relationship and recent bilateral free trade agreement between Australia and India. Our growth plan in Australia will lead to significant investments into jobs and the local economy in Australia over the next few years. I am grateful to our customers, management team members, shareholders, and other stakeholders for helping us move one step closer towards our goal of being crowned as the world’s number one jewellery retailer.”

Mr. Shamlal Ahamed, MD-International Operations, Malabar Gold & Diamonds said: “We are extremely excited to begin operations in Australia. Australia boasts a large and flourishing diaspora from the Indian sub-continent, yet 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 an exceptional array of gold, diamond, and precious gem jewellery. With our time-tested commitment towards providing customers with an exceptional and transparent jewellery shopping experience, I am confident Australia will love our brand.”

“Ethical and responsible sourcing is a key tenet of Malabar Gold & Diamonds’ operations. With the exclusive usage of 100% traceable raw materials in their jewellery, the brand ensures strict compliance with international standards for transparent gold and diamond sourcing set by globally recognised organisations 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”‘ says a media release.

Mr. Abdul Salam K.P, Vice-Chairman of Malabar Group said: “Aside from adding another country to our global operational map, our expansion into Australia solidifies Malabar Gold & Diamonds’ status as a truly global enterprise with an expansive outreach across borders. With 100% transparent business practice being a hallmark of our entire operations and our stringent commitment to ensuring ethical and responsible sourcing at all levels of our supply chain, we aspire to be a model organisation in the global jewellery sector that safeguards the auspicious nature of jewellery.”

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 New Zealand, South Africa, Egypt, Bangladesh, and Turkey.

ESG (Environmental, Social & Governance) initiatives have 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 organisation are periodically strengthened to remain a socially conscious and responsible organisation.

The group also operates MGD – Lifestyle Jewellery, a retail concept offering trendy and light weight jewellery that represents the independent and the modern woman through its designs and collections.

*Offer is subject to terms & conditions.

 

 

By SAT Correspondent

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