August 30, 2021: Malabar Gold & Diamonds, one of the largest gold and diamond retail chains in the country, launched a new showroom in Mancherial, taking the store tally in Telangana to 15. Being the 28th showroom in Andhra Pradesh and Telangana region, it further strengthens the presence of Malabar Gold & Diamonds with an exceptional range of designs and world-class shopping experience.
Located in KPR Plaza, Ganga Reddy Road, the showroom was virtually inaugurated by M.P. Ahammed, Chairman, Malabar Group. Chief guest Mancherial MLA Nadipelli Diwakar Rao cut the ribbon at the showroom to launch the operations. Penta Rajaiah, Muncipal Chariman, Gajula Mukesh Goud, Vice Chairman, Puranam Satish MLC and Key Malabar Gold & Diamonds dignitaries including Malabar Group Co-Chairman Dr. P.A. Ibrahim Haji, K.P. Abdul Salam, Vice Chairman, O Asher, Managing Director, India Operations, Malabar Gold and Diamonds, Shamlal Ahammed, Managing Director - International Operations, Malabar Gold & Diamonds, Executive Directors C.Mayin Kutty, K.P.Veeran Kutty and M.Abdul Majeed, Malabar Gold & Diamonds, P.K. Siraj, Retail Operations Head(Rest of India) Malabar Gold & Diamonds also joined the grand inauguration virtually.
Spread across 3500 sq. ft. area, the showroom offers unmatched jewellery buying experience with diversified collections catering to customers with traditional and contemporary sensibilities. The showroom displays an extensive array of intricately designed jewellery crafted in gold, diamonds, platinum and silver. The trained jewellery experts at the showroom offer world class shopping experience to the customers in Mancherial. The customer-friendly policies provide customers peace of mind. The showroom adheres to all precautionary measures to ensure safe and hygiene shopping experience for the customers.
Malabar Group Chairman MP Ahammed said, 'The love and affection of the people of Telangana has motivated us to further strengthen our bond with the state by opening the showroom at Mancherial. We have adopted an omni-channel retail strategy involving both offline and digital retail formats to offer superior shopping convenience to the customers. Our commitment to quality and transparency have made us the most preferred jeweller in the country. Our aggressive expansion plan along with our quality-driven and customer-focused retail approach will make us world's most preferred jeweller with respect to both showroom count and turnover.'
O Asher, Managing Director, India Operations, Malabar Gold & Diamonds said, 'The showroom in Mancherial has further strengthened our market leadership in the Telangana region. To develop stronger traction in the market, we have devised a focused marketing and product development strategy. The KPR Plaza is a thriving shopping destination and our showroom will redefine the jewellery buying experience by offering unparalleled shopping ambiance.'
As a part of the group's CSR initiative, Malabar Gold & Diamonds will allot 5% of the profit earned by the Mancherial showroom for various charitable and philanthropic activities in this region.
Moreover, Malabar Gold & Diamonds offers promises 10 to its customers. The commitments include transparent price tag indicating the exact manufacturing cost, stone weight, net weight and stone charge of the jewellery, assured lifetime maintenance for the jewellery, 100 per cent value for gold when reselling old gold jewellery and zero deduction on exchange, 100 percent 916 hallmarking certifying the purity of gold, IGI and GIA certified diamonds ensuring 28-point quality check of global standards, buyback guarantee, responsible sourcing and fair labour practices.
Malabar Gold & Diamonds currently has more than 260 showrooms in 10 countries in addition to 14 wholesale units. It has offices, design centres and manufacturing facilities in India, Middle East, Far East and USA. The group boasts of an annual turnover of $4.51 billion and is rated as one of the largest jewellery retailers globally.