Malabar Gold and Diamonds, the jewellery group with over 70 retail outlets worldwide, including 25 retail outlets in GCC, is now expanding their network to the major shopping malls in the GCC countries.
They are currently negotiating with the major shopping malls in the region. The preferred jeweller of diverse nationalities, especially among the sub continental customers, offers their existing range of 22K gold jewellery on the same value as offered in the high street shops. In order to appeal other nationalities from residents and visitors who normally shop at shopping malls, Malabar Gold & Diamonds adds more varieties in their gold and diamond jewellery collection.
As there is a common belief among the customers that 22K gold jewellery is more expensive in the shopping malls, they prefer to shop it in the high streets or gold souks. Malabar Gold & Diamonds wants to break this concept offering their value for money concept in to the shopping malls also.
In addition to their retail network, Malabar Gold & Diamonds operates nine wholesale units and factories spread across India and the Middle East, employing over 6000 staff. Since their inception in 1993, they are striving to become the world’s leading jewellery retailer.
With ambitious expansion plans, the jewellery chain is planning to raise their retail network to 220 outlets by 2015. They are also set to roll out their operations into Far East markets like Singapore, China, Malaysia and Indonesia and to spread to European markets starting with UK and US in the near future.
Their entry in to shopping malls further reinforces their commitment to offering value for discerning customers with leading customer service.
The Peninsula
