With their new store in Mississauga, at Heartland Town Centre in the Greater Toronto Area, Malabar Gold & Diamonds has made history as the first Indian jewelry retailer to open in Canada. This represents the company’s extensive brand presence, with 335 stores in the UAE, Qatar, Kuwait, Oman, KSA, Bahrain, Singapore, Malaysia, the United States, the United Kingdom, Canada, and India. Canada, being the world’s sixth largest jewellery retailer, has become the 12th country on Malabar Gold & Diamonds‘ global operations map and the second country in North America.
M.P Ahammed, Chairman of Malabar Group, virtually inaugurated the store. The ribbon-cutting ceremony was performed in the presence of Mr. Shamlal Ahamed, Managing Director, International Operations, Malabar Gold & Diamonds; Mr. Ameer CMC, Director of Finance & Administration, Malabar Gold & Diamonds; Mr. Joseph Eapen, Regional Head – North America, Malabar Gold & Diamonds; and other Malabar Gold & Diamonds management team members, customers, and well-wishers.
“The opening of our first store in Canada fills me with immense pride and joy, as it marks an important milestone for us as the first Indian international jewelry brand to begin operations in Canada.” Our new store, located in Heartland Town Centre in Mississauga, Ontario, is the largest jewellery store in the country. The expansion into Canada provides us with a once-in-a-lifetime opportunity to show off our jewelry to a wide customer base that values the creativity and craftsmanship of Indian jewelry. On behalf of Malabar Group, I would like to thank all of our customers, management team members, shareholders, and other stakeholders for being a vital part of helping us craft this historic moment and move one step closer to our goal of being crowned the world’s number one jewelry retailer,” said Malabar Group Chairman, M.P. Ahammed.
The new store, which spans 7,800 square feet, is Canada’s largest jewellery store, holding over 30,000 designs from 25 unique brands and collections of gold, diamond, and precious gem jewelry. The new store will also have a large selection of bridal jewelry, as well as a variety of selections for casual wear, daily wear, and business wear.
“We are overjoyed to expand our operations into the 12th country in the world and the second in the continent.” As Canada and the United States stand out as very enticing Western hemispheric destinations for Indian subcontinental expats, the North American market has enormous potential, and we have ambitious expansion plans in the region, covering British Columbia and Alberta in Canada. Concurrently, we want to expand into Naperville, Chicago, Artesia, Los Angeles, and Atlanta, Georgia in the United States. As we continue to make great strides in our worldwide expansion, both the new shop in Canada and our current ones in the United States will be critical in determining our future endeavors in the North American region. Mr. Shamlal Ahamed, Malabar Gold & Diamonds‘ Managing Director-International Operations, stated.
The store also provides a bespoke jewelry creation service, allowing customers to design their own jewelry with the help of Malabar Gold & Diamonds‘ skilled designers and craftsmen. The store also offers a luxury customer lounge area, allowing for relaxed and hassle-free jewelry purchasing.
“This is a watershed moment for Malabar Gold & Diamonds.” The new store is well positioned to cater to the different interests and preferences of jewellery fans in Canada, with its intriguing selection of jewelry, transparent policies, and exquisite amenities. Malabar Gold & Diamonds‘ entrance into Canada will further our goal of exhibiting Indian-made jewelry to a global audience, keeping our philosophy of “Make in India; Market to the World.” Mr. Abdul Salam K.P., Vice Chairman of Malabar Group, stated, “We have charted an ambitious and exciting plan for the future, which includes strengthening our retail presence in existing regions with more store openings and expansion into new territories.”
Malabar Gold & Diamonds is known around the world for providing an unrivaled jewelry purchasing experience with convenience and customer-friendly policies, as well as the ‘Malabar Promise’ of unrivaled quality and service assurance. The company has reinforced its commitment by establishing a 100% exchange value on diamonds, promoting diamonds as an investment as tempting as gold. The Malabar Promise also includes transparent pricing, guaranteed lifetime maintenance from any of the stores in 12 countries, guaranteed buyback, tested and certified diamonds, 100% value on gold exchange, 916 hallmarked jewelry, responsible sourcing, a fair price policy, and fair labor practices.
“In tandem with the great strides made internationally, the brand continues to strengthen its expansion within India.” Stores are set to open in Rajasthan, Puducherry, Uttarakhand, Jharkhand, Goa, Assam, Tripura, and Jammu and Kashmir. Mr. Asher O, Managing Director – India Operations, Malabar Gold & Diamonds, stated, “We aim to set new benchmarks in the jewellery trade and provide an exceptional customer experience by strictly adhering to our commitment of 100% compliance, transparency, and responsibility.”