Malabar Gold & Diamonds, recognized as the sixth-largest jewelry retailer globally, has inaugurated its flagship showroom in Southern California. Situated in the city of Artesia, this new establishment represents Malabar’s fifth and largest location in the United States, signifying a pivotal achievement in the brand’s expansion efforts within North America.The showroom’s opening ceremony was officiated by Congresswoman Michelle Steel, accompanied by prominent Malabar executives, including Chairman M.P. Ahammed, Vice Chairman M Abdul Salam K.P., Managing Director of International Operations Shamlal Ahamed, and Joseph Eapen, the Regional Head for North America. The event was further graced by the attendance of Artesia Mayor Tony Lima and Mayor Pro Tem Ali Sajjad Taj. M.P. Ahammed conveyed his enthusiasm regarding the showroom’s launch, highlighting North America as a crucial market for the brand’s international development. He reaffirmed the company’s dedication to delivering an outstanding shopping experience in a fully responsible and sustainable manner. This new showroom in Southern California is part of Malabar’s ambitious strategy to establish 20 showrooms worldwide by October 2024.
Spanning over 6,500 square feet, the showroom showcases an impressive collection of more than 30,000 jewelry designs sourced from 20 different countries, encompassing 25 exclusive brands. Customers can explore a diverse selection of bridal, occasional, daily, and office wear jewelry, in addition to a distinctive custom design service that allows shoppers to collaborate with skilled artisans to create personalized pieces. Shoppers have the opportunity to benefit from exclusive, time-sensitive promotions, which include receiving gold coins with the purchase of diamond and precious gemstone jewelry, available until November 3, 2024. Shamlal Ahamed, Managing Director of International Operations, identified California as an ideal site for expansion, attributing this to its varied demographic and the strong appreciation for Indian artistry blended with contemporary designs. He remarked that the achievements of previous showrooms in New Jersey, Dallas, Chicago, and Naperville have established elevated expectations for the forthcoming Los Angeles location. Malabar Gold & Diamonds has unveiled plans for further expansion within the United States, with new showrooms slated for cities such as Atlanta, San Francisco, Seattle, Austin, Tampa, Virginia, Detroit, Houston, Charlotte, Phoenix, New York, and San Diego. Additionally, the brand aims to broaden its footprint in Canada, specifically in British Columbia and Alberta. Abdul Salam K.P., Vice Chairman of Malabar Group, conveyed enthusiasm regarding the Los Angeles opening, reaffirming the brand’s dedication to Environmental, Social, and Governance (ESG) principles.
He highlighted that each piece of jewelry is sourced responsibly, safeguarding the welfare of individuals, animals, and their environments. Malabar’s international acclaim for ethical practices, exemplified by the Responsible Jewellery House Award at the India Gold Conference, underscores the company’s commitment to transparency. In alignment with its Corporate Social Responsibility (CSR) and ESG initiatives, Malabar allocates 5% of its profits to support programs aimed at health, education, women’s empowerment, hunger alleviation, and environmental sustainability. In this context, the company has introduced a USD 1.9 million scholarship initiative for female students and established 247 micro-learning centers in India to enhance basic education for underprivileged communities. With an annual revenue of $6.2 billion and a retail presence encompassing over 360 outlets across 13 countries, Malabar Gold & Diamonds is poised for continued global growth.The company employs over 21,000 professionals from 26 different countries, underscoring its strong position in the jewelry industry.