Golden Boom: Malabar's Rs 600 Crore Dazzling Expansion

Malabar Gold & Diamonds, the 6th largest jeweller in the world, announced Rs 600 crore investment for opening 12 new showrooms in India before March 2025. It will take the total number of showrooms for the company to 391 with a presence now in 13 countries. They are opening them in Maharashtra, Odisha, Jharkhand, Karnataka, Andhra Pradesh, and Uttar Pradesh. They have inducted 406 employees for expansion. Malabar Gold & Diamonds is opening five new retail showrooms in UK, Canada, and Middle East during April 2025 and expanding 60 new showrooms across the world in 2025. They aim to be the world's number one luxury brand and jewellery brand.

 

Source: The New Indian Express