India Post News Service
CHICAGO: Malabar Gold & Diamonds, one of the largest jewellery retailers globally with a strong retail network of 250 outlets, has made its grand entry in USA with its latest global showroom in Chicago. The first outlet of Malabar Gold & Diamonds in USA was inaugurated by Ms. Neeta Bhushan, Consul General of India, Chicago; in the presence of Ms Debra Silverstein, Alderman for 50th Ward of the City of Chicago; Dr Gopal Lalmalani, Mayor of Oakbrook; Mr. Shamlal Ahamed, Managing Director International Operations, Mr. Joseph Eapen, President US operations Malabar Gold & Diamonds; Mr. Jasar Rayaroth, Head of USA Operations, Malabar Gold & Diamonds, Mr. Dipen Lakha, Branch Head Chicago, Malabar Gold & Diamonds; other directors, management members, media and well-wishers on November 18. USA is the tenth country that Malabar Gold & Diamonds has entered. 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 centers and factories spread across India, Middle East, Far East and USA 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 among the world’s leading jewellery retailers in terms of annual turnover. It has revealed an ambitious global growth plan on the occasion of 25 years celebrations that will see the company triple its retail network from 250 showrooms this year to 750 outlets in the next five years with annual turnover exceeding US$6.16 billion.
The new outlet unveils a significantly large collection of modern, stylish, traditional as well as 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.
To add glitter to the holiday and gifting season ahead, they have also revealed an exclusive celebratory collection of jewellery in gold, diamonds and precious gems to suit the tastes of their multicultural and multinational customers. Malabar Gold & Diamonds has incorporated these designs as a part of various brands presented at Malabar Gold & Diamonds’ namely Ethnix – Handcrafted Designer Jewellery, Era – Uncut Diamond Jewellery, Mine – Diamonds Unlimited, Divine- Indian Heritage Jewellery, Precia – Gem Jewellery and Starlet – Kids jewellery.
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