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Home International Customs Qatar

Qatar’s Malabar Gold plans global expansion

byCustoms Today Report
25/04/2015
in Qatar
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DOHA: Malabar Gold & Diamonds, the leading jewellery retailers, is planning to increase its footprint across the globe. The jewellery retailer is planning new showrooms in the UAE, Bahrain, Oman, Kuwait, Saudi Arabia, Malaysia, China, US and European markets. The group has 131 outlets spread across India, the Middle East and Singapore.

“We are planning to spread our wings to new destinations in Qatar and to key international markets across the world. New showrooms will be opened in UAE, Bahrain, Oman, Kuwait and Saudi Arabia in the coming months,” Shamlal Ahamed (pictured), Managing Director for International Operations, Malabar Gold & Diamonds told The Peninsula. “We are also geared up to expand our presence in the Far East market by opening our first outlet in Malaysia next month. The group also has plans to roll out its operations into China, US and European markets in the near future,” he added.

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The company is also expanding its presence in Qatar by opening its sixth branch here. The new branch will be opened at Lulu Hypermarket, D-Ring Road and will be inaugurated by company’s brand ambassador Kareena Kapoor on April 23. The group currently operates 51 showrooms in the GCC region.

“This showroom will showcase a breathtaking of collection of jewellery with the perfect combination of precious metals and stones that can hold you spell-bound. Each piece meticulously crafted in gold, platinum, diamonds and precious stones is not only unique, but also express the personality of the wearer, ultimately becoming an exclusive style statement,” he said. The leap from a single store to 131 outlets globally did not happen overnight for the group. It was achieved through consistent effort and insistence on setting exceptionally high standards to meet the aspiration of customers over a period of 22 years. “Our dedicated and highly skilled employees invest heart and soul in striving to achieve maximum perfection. Absolute customer satisfaction is the overriding promise in everything we do,” said Ahamed.

Like all their outlets in GCC and Singapore, their new outlet in Qatar will also take part in their festive campaign — ‘The Great Gold Rush’, giving their customers a life changing opportunity to win a whopping 25 kg of gold until June 30. With every purchase of gold jewellery worth QR500, the customers get a chance to enter raffle draws to win 1 kg of gold each in two draws. Those who buy diamond jewellery worth QR500 will get two raffle coupons and double the chance to win.

The customers can also avail a free one gram gold coin for every QR5,000 spend on diamond jewellery until April 25. The customers also get a chance to buy 8 gram gold coins with absolutely no making charges from any of Malabar Gold & Diamonds outlets in GCC during this period.

To add more glitter to this season, they have also unveiled the latest collection of jewellery specially designed for the festive season in gold and diamonds to suit the tastes of their multicultural and multinational customers. Moreover, the customers can update any of their old ornaments purchased from GCC with the brand new enticing collection of Malabar Gold & Diamonds without any loss. Any 22 carat old gold ornaments purchased from GCC can be exchanged with Malabar Gold & Diamonds designs by paying only making charges ensuring they don’t lose any value on the rate of gold. All these offers will be valid at their outlets in Qatar until June 30.

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