Malabar Gold to open two new Saudi stores

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Time: February 04, 2019  

The new showroom in Jeddah is the brand’s second showroom in Al-Balad’s gold market and the third in Jeddah.

Indian jewelry retailer Malabar Gold & Diamonds will inaugurate this week two new stores in the Kingdom.

The company’s 13th Saudi showroom will open on Wednesday at 5 p.m. in Jeddah’s Al-Balad district while the 14th showroom in the Kingdom will be inaugurated on Thursday at 6:30 p.m. in Madinah.

The new showroom in Jeddah is the brand’s second showroom in Al-Balad’s gold market and the third in Jeddah. Malabar Gold & Diamonds also operates in Lulu Hypermarket in the city’s Amir Fawaz district.

The brand, which has a showroom in Makkah, is all set to open its first store in the holy city of Madinah. It is located near Gate No.17 of the Prophet’s Mosque.

Both outlets will unveil a significantly large collection of traditional as well as contemporary designer jewelry in 18-carat, 22-carat and 24-carat gold, alongside diamond, uncut diamond and precious gem jewelry.

To celebrate the launch of the two new stores, Malabar Gold has announced a number of inaugural offers. Customers will receive a 1-gram cold coin on diamond jewelry purchases of SR3,000 ($800). They can also avail a zero deduction exchange offer on a 22-carat old gold exchange. These offers are valid only at the two new stores until Feb. 23.

The jeweler’s exclusive brands include: Ethnix — handcrafted designer jewelry; Era — uncut diamond jewelry; Mine — diamonds unlimited; Divine — Indian heritage jewelry, Precia — gem jewelry; and Starlet — children’s jewelry.

Malabar Gold has a strong retail network of 250 outlets spread across 10 countries.

It is the flagship company of Malabar Group, a diversified Indian business conglomerate.

Established in 1993 in the Indian state of Kerala, Malabar Gold & Diamonds today has an annual turnover of $4.51 billion and the company currently ranks No.1 among the largest jewelry retailers globally.

This article was first published in Arab News

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