Media Release
Bengaluru, Jan 27: Malabar Gold and Diamonds, one of the largest gold and diamond retail chains in the country launched its new store in HSR Layout on January 27, 2022. The store was inaugurated by Sathish Reddy MLA Bommanahalli constituency govt chief WHIP in the presence of management officials and other dignitaries.
Located at Sector 1, 17th Cross, Near NIFT College in HSR Layout, the new store provides a large range of collections as well as fair prices for jewellery with reasonable making charges starting from 4.9 percent. The store offers a wide range of gold, diamond, precious gemstone and bridal collections. This store also offers exclusive designer jewellery sub-brands from Malabar Gold and Diamonds such as Divine Indian Heritage Jewellery, Viraaz Royal Polki jewellery, Zoul lifestyle jewellery, Era uncut Jewellery, Precia gemstone jewellery, Ethnix handcrafted designs and more.
As part of its retail expansion plans, Malabar Gold and Diamonds has announced the launch of 22 stores in January 2022 across India and abroad. With 280+ stores across 10 countries, Malabar Gold and Diamonds is ranked among the top 5 jewellery retailers globally. The new store at HSR Layout will be the brand’s 11th store in Bangalore, a testament to the brand's commitment to its clientele in the city.
“Our store in HSR layout will provide the exceptional quality and product variety that customers in Bengaluru have come to expect from us. With every new store launch, we aim to be more accessible to our customers and cater to their requirements,” said MP Ahammed, chairman, Malabar Group.
Well known for maintaining transparency in business practices, Malabar Gold and Diamonds has introduced the Fair Price Promise, which focuses on assigning reasonable making charges to a vast array of products. Apart from this, Malabar Gold & Diamonds offers its customers the assurance of 10 Promises including a transparent price tag indicating 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, 100 per cent BIS 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.
As part of the group’s CSR initiative, Malabar Gold & Diamonds will allocate 5 percent of the profit earned by the HSR Layout store for various charitable and philanthropic activities in the region.