Scripting history as the first Indian International jewellery brand to begin operations in Australia, Malabar Gold & Diamonds, the 6th largest jewellery retailer globally, has officially opened their new showroom in Sydney, Australia. The showroom marks Malabar Gold & Diamonds’ expansion into the 13th country, joining over 340 showrooms in Australia, India, North America, Middle East, Asia, and Europe.
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 in Little India, Malabar Gold & Diamonds’ new outlet will be the largest jewellery showroom in Sydney. With 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.
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.”
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.
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.
About Malabar Gold & Diamonds
Malabar Gold & Diamonds was established in 1993 and is the flagship company of Malabar Group, a leading diversified Indian business conglomerate. With an annual turnover of US$5.2 billion, the company currently ranks as the 6th largest jewellery retailer globally and today has a strong retail network of 340 outlets spread across 13 countries in addition to multiple offices, design centers, wholesale units, and factories spread across India, Middle East, Far East, the USA, the UK, Canada & Australia.
The group, owned by more than 4,000 shareholders, has more than 21,000 professionals from over 26 countries working towards its continued success. Malabar Gold & Diamonds also features an online store www.malabargoldanddiamonds.com providing customers the opportunity to purchase their favorite jewelry at any time and on any day from the comfort of their homes.
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.
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