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Malabar Gold & Diamonds, among the largest jewellery retailers globally with a strong retail network of 250 outlets, has made its grand entry in the US with its latest global showroom in Chicago.
The first outlet of Malabar Gold & Diamonds in the US was inaugurated by Neeta Bhushan, Consul General of India Chicago, in the presence of Shamlal Ahamed, Managing Director International Operations; Debra Silverstein, Alderman for 50th Ward of the City of Chicago; Dr Gopal Lalmalani, Mayor of Oakbrook; Joseph Eapen, President US operations, Malabar Gold & Diamonds; Jasar Rayaroth, Head of USA Operations, Malabar Gold & Diamonds; Dipen Lakha, Branch Head - Chicago, Malabar Gold & Diamonds; other directors, management members, media and well-wishers on November 18.
The US is the tenth country that Malabar Gold & Diamonds will be operating in. The brand new showroom is located in Chicago at 2652 W Devon Avenue, IL 60659.
Established in 1993 in India, the jewellery group today operates wholesale units, offices, design centres and factories spread across India, the Middle East, Far East and the US, in addition to their strong retail network.
The jewellery group is best known for its activities in the field of gold, diamonds, silver and lifestyle articles. With an annual turnover of $4.51 billion, the company currently ranks one of the world's leading jewellery retailers in terms of annual turnover.
On the occasion of 25 year celebrations, Malabar Gold & Diamonds announced its ambitious global growth plan, which will see the company triple its retail network from 250 showrooms to 750 outlets in the next five years with annual turnover exceeding $6.16 billion.
"The new outlet offers a significantly large collection of modern, stylish, traditional and contemporary designer jewellery. The exquisite range of collections can hold you spell-bound with their awe-inspiring beauty and classic designs. A true shopper's delight, Malabar Gold & Diamonds is displaying an eye catchy collection of trendy designs in 18K & 22K gold, platinum, IGI/GIA certified diamonds and precious gems from different parts of the world to flaunt at any occasion or event," said a press statement from the company.
To add glitter to the holiday and gifting season ahead, the company has also revealed an exclusive celebratory collection of jewellery in gold, diamonds and precious gems to suit the tastes of its multicultural and multinational customers. (TNN)
