Malabar Gold & Diamonds Marks One-Year Anniversary of “Hunger Free World

Ahmedabad, 17 February 2024Malabar Gold & Diamonds, a leading gold retail brand in the country, is celebrating the one-year anniversary of its “Hunger Free World” initiative in Ahmedabad at the Malabar Gold showroom on Satellite Road (Shivaranjani).

MALBAR GOLD AND DIAMOND

Launched in February 2023, the initiative has successfully distributed over 3,00,000 meals to those in need, with a total expenditure exceeding 72,00,000/- INR. In collaboration with the NGO “Thanal,” Malabar Gold & Diamonds has played a crucial role in providing daily meals to 1000 people across various locations in Ahmedabad. The initiative operates through a central kitchen in the city, delivering food to beneficiaries using rickshaws and vans.

M. P. Ahammed, Chairman, Malabar Gold & Diamonds, said, “As we celebrate the one-year milestone of our ‘Hunger Free World’ initiative, we reflect on the profound impact it has had on the lives of the underprivileged in Ahmedabad. Our commitment extends beyond providing meals; it aims to foster sustainable change and empower communities. We firmly believe that collective efforts can bring about enduring positive transformations, and this anniversary serves as a testament to that belief.”

The distribution areas encompass prominent locations such as Sanand Chokdi, Sarkhej, Vasna, Anjali, Paldi, Jamalpur, Sidisaiyed Mosque, Khanpur, Shahpur, and more. The diverse menu of vegetarian meals includes Dal Rice, Sabji Roti, Parata Sabji, Thepla, and others. The team ensures comprehensive coverage of localities, including temples, mosques, and other public spaces.

Under the visionary leadership of its chairman, M.P. Ahammed, Malabar Group dedicates 5% of its net profit to Corporate Social Responsibility (CSR) activities, with a focus on giving back to society. The “Hunger Free World” initiative is a significant part of this commitment, aiming to address the issue of hunger in the community.

Malabar Gold & Diamonds Secures 19th Position in Deloitte’s Global Luxury Ranking; Tops the List in India

Mumbai, 16 February 2024Malabar Gold & Diamonds, one of the leading jewellery retailers, secures the 19th position in Deloitte’s Global Powers of Luxury Goods 2023 ranking. The brand has also secured the top spot in India, reaffirming its dominance in the country’s luxury market.

The Deloitte Global Powers of Luxury Goods ranking list is compiled by assessing the global sales and brand value of jewellery, apparel, watches, and beauty products. Malabar Gold & Diamonds’ exceptional performance in global sales and brand value has propelled it into this distinguished list, marking a significant milestone for the brand.

Deloitte’s report highlights the dynamic changes in India’s jewellery retailing sector, the world’s second-largest market, where Malabar Gold & Diamonds has emerged as a front runner. Celebrating thirty years of excellence, the brand boasts an extensive collection of both contemporary and traditional jewellery styles. Its commitment to reliability and authenticity has earned Malabar Gold & Diamonds a coveted position as a consumer favourite.

M. P Ahammed, Chairman, of Malabar Group, expressed his gratitude, stating, ” We are honoured to be recognised on the global stage by Deloitte. This achievement is a testament to our unwavering commitment to quality, transparency, and customer satisfaction. We remain dedicated to pushing boundaries and setting new benchmarks in the industry.”

Malabar Gold & Diamonds is renowned for its commitment to transparency and fairness in pricing. As part of its Fair Price Promise, the brand ensures that customers can purchase their favourite jewellery at reasonable making charges. Furthermore, the brand offers the One India One Gold Rate scheme, ensuring uniform pricing for gold across all its stores in India. Strengthening the brand’s commitment to its customers, Malabar Gold & Diamonds offers 10 Malabar Promises. The promises include transparent price tag indicating stone weight, net weight, and stone charge of the jewellery; assured lifetime free maintenance for the jewellery; 100% value for gold when reselling old gold jewellery; 100% HUID-compliant gold; IGI and GIA-certified diamonds ensuring a 28-point quality check of global standards, buyback guarantee; complimentary jewellery insurance, responsible sourcing; and fair labour practices.

Malabar Gold & Diamonds currently operates a global network of over 340 stores across 13 countries. A key highlight of the brand’s ethos is its dedication to social responsibility, with five percent of profits allocated to various initiatives as part of its social responsibility programme.

Malabar Gold & Diamonds Opens New Store in Alambagh, 3rd in Lucknow

Lucknow, February 5 2024: Malabar Gold & Diamonds, the leading jewellery retailer, opened its new store in Alambagh, Lucknow, further expanding its footprint and commitment to delivering a world-class jewellery shopping experience. The inauguration ceremony of the sprawling 5844 sq. ft. store located at A-100, Sector-B, Kanpur Road, LDA Colony, Alambagh, Lucknow, took place on February 3, 2024.

MALBAR GOLD AND DIAMOND

The inauguration was graced by the esteemed presence of Shri Kaushal Kishore, Minister of State for the Ministry of Housing and Urban Affairs, Government of India.

Commenting on the new store launch, M. P. Ahammed, Chairman of Malabar Gold & Diamonds, stated, “We are excited to bring the Malabar experience to Alambagh, Lucknow. Our new store is not just about selling jewellery but also about creating memorable moments for our customers. With our diverse collections and commitment to fairness, we aim to become the city’s ultimate jewellery shopping destination. This store will be a haven for jewellery enthusiasts, offering an extensive and exquisite range of pieces at best prices and fair making charges.”

The store features popular sub-brands of Malabar, such as Mine Diamond Jewellery, Era Uncut Diamond Jewellery, Divine Heritage Jewellery, Ethnix Handcrafted Jewellery, Precia Gemstone Jewellery, Viraaz Polki Jewellery, and a vast array of unique collections under each brand. Customers can also explore a diverse array of designs in gold, diamonds, precious gemstones, platinum, and more, catering to varied preferences from traditional and contemporary to lightweight and everyday wear. The store also showcases exclusive bridal collections meticulously crafted to make weddings truly unforgettable.

Malabar Gold & Diamonds is renowned for its commitment to transparency and fairness in pricing. The brand’s Fair Price Promise ensures customers can purchase their favourite jewellery with reasonable making charges. In addition, the brand’s initiative ‘One India One Gold Rate’ scheme, provides uniform pricing for gold across all its stores in the country.

To strengthen the brand’s commitment to customers, Malabar Gold & Diamonds offers 10 promises, including transparent price tags indicating stone weight, net weight, and stone charge of the jewellery, assured lifetime free maintenance for the jewellery, 100% value for gold when reselling old gold jewellery, 100% HUID-compliant gold, IGI and GIA-certified diamonds ensuring a 28-point quality check of global standards, buyback guarantee, complimentary jewellery insurance, responsible sourcing, and fair labour practices.