Malabar Gold & Diamonds To Open, Revamp 48 Showrooms Globally By Year End
India-West Staff Reporter
LOS ANGELES, CA – Malabar Gold & Diamonds, the world’s fifth-largest jewelry retailer, has announced a significant global expansion, with plans to open and revamp 48 showrooms by December 2025. This landmark phase includes 27 new showrooms and 21 revamped locations across 10 countries, a move designed to strengthen the brand’s presence as a leader in the global jewelry market.
The expansion is geographically diverse, with a strong focus on both new and established markets. The company will open 14 new showrooms in India, three each in the UAE and the USA, two in the UK, and one each in Australia, Saudi Arabia, Canada, and Malaysia. A key highlight of this plan is the brand’s inaugural showroom in New Zealand, which will mark its entry into its 14th country of operation. This initiative is a part of the company’s broader strategy to boost its annual revenue to $8.85 billion and expand its footprint to 15 countries and 22 states and three Union Territories in India this fiscal year.
In addition to the new locations, the company will also relaunch existing showrooms across India, the UAE, Saudi Arabia, Oman, and Malaysia. These revamped stores are intended to offer customers a modern and luxurious shopping experience.
M.P. Ahammed, Chairman of Malabar Group, commented on the expansion, stating, “The launch of 48 showrooms is a significant milestone in our journey to become the world’s number one jewelry retailer. We will continue to ensure that every aspect of our business benefits not just our customers and stakeholders, but also the communities we serve.”
This growth is also a reflection of the Malabar Group’s commitment to social responsibility. The company allocates 5% of its net profits to ESG initiatives, with a focus on health, housing, education, and women’s empowerment. The “Hunger Free World” program provides over 70,000 meals daily, and the company has supported over 32,000 underprivileged children in India. Additionally, it has awarded more than 115,000 scholarships to female students.
