Malabar Gold Mega Plans
Malabar Gold & Diamonds, one amongst the world’s top jewellery retailers, strengthened its presence in Tamil Nadu recently by inaugurating its showroom at Phoenix Marketcity-Velachery.
“The company plans to increase its worldwide retail network by targeting to complete 120 stores by the year 2013, of which 20 will in Tamil Nadu” said MP Ahamed, Chairman, Malabar Group.
The jeweller sells only BIS Hallmarked 916 Gold, IGI Certified E F Color V V S clarity diamond jewellery, PGI certified platinum jewellery and BIS hallmarked silver jewellery & articles.
“Surya, the popular film hero in South Indian film industry, is our Brand Ambassador in Tamil Nadu. Apart from our existing showrooms at Chennai, Coimbatore, Erode, Salem ,Madurai, Thanjavur and Dharmapuri. The company plans to open its other showrooms shortly at Hosur, Vadapalani Ramanathapuram, Vellore, Kumbakonam, Tirunelveli, Nagercoil, Trichy, Tuticorin, Tiruvannamalai and Pondicherry in 2013," Ahamed said.
”We intend to increase the number of showrooms to 35 in the state by the end of 2015” VS Shafeek, Regional Director, Tamil Nadu said.
All products sold in Malabar Gold & Diamonds come with a detailed and transparent price tag with details like gross weight, stone weight, making charge, stone charge and net weight. Thus enabling customers to understand the product pricing all by themselves. Malabar Gold & Diamonds’ value-added services include lifelong free maintenance, one-year free insurance coverage and buyback guarantee for all its ornaments.
The jeweller’s ‘Gold purchase scheme’ enables its customer to book gold on a monthly basis and to hedge against rising gold prices. The booking will carry an additional bonus benefit when the customers buy the ornaments.
The group is expanding across other Indian states such as Maharashtra, Gujarat, Delhi & NCR Region, UP and Punjab among others.
"Apart from Gulf countries, we have decided to expand our presence to South Asia, other parts of Middle East, Far East, Europe and America. Malabar Gold & Diamonds recently launched its job portal www.malabarjobs.in for prospective job seekers, creating job opportunities for educated and talented candidates," Shafeek said.