Malabar Gold & Diamonds, one among 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 Mr. Shamlal Ahamed, Managing Director – International Operations; Ms Debra Silverstein, Alderman for 50th Ward of the City of Chicago; Dr Gopal Lalmalani, Mayor of Oakbrook; 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 18th November at 12 PM. USA is the tenth country that Malabar Gold & Diamonds will be operating. 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 & 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. Malabar Gold & Diamonds, one of the world’s largest jewellery retailer, announces 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.