Indian jewellery retailer Malabar Gold and Diamonds has opened 11 new showrooms across six countries this month.
Eight stores have been opened in the Gulf region such as Al Khail Mall, Qatar and Oman while the remaining three outlets have been opened in Malaysia, India and Singapore.
Malabar Group chairman M P Ahammed said: “The opening of 11 showrooms in a single day across six countries reflects our strong conviction and confidence in the overall growth of the gold and diamond sector, despite challenging circumstances in certain markets.
“We are getting wide acceptance in the global marketplace. This is also one of the reasons we are expanding our global presence.
“Our core business values such as adherence to transparency, honesty, quality along with our value-added services, product designs that suited to every class of customers’ taste cutting across age group are the key factors that give us global acceptance.”
With the opening of the new stores, Malabar Gold and Diamonds’ retail network has now spread to 208 showrooms across nine countries.
The jewellery retailer is planning to open 50 more showrooms this year, and also expand its operations in the US, Bangladesh, Sri Lanka and Brunei.
The new stores opening are part of the company’s strategy to expand its global footprint.