Mumbai: Malabar Gold & Diamonds wins two awards at the 48th IGJA 2021

Press release

Bombay, August 9: Malabar Gold & Diamonds, one of the largest jewelery groups, has won awards in two categories – Best Job in the Company and Global Retailer of the Year award at the 48th India Gem & Jewelery Awards (IGJA) 2021 organized by Gem & Jewelery Export Promotion Council (GJEPC). The IGJA awards are known as one of the most prestigious awards in the gemstone and jewelry industry.

The GJEPC has organized these prestigious annual awards for the gemstone and jewelry industry since 1973 to honor the exemplary achievements of leading exporters and for their outstanding export performance, in addition to commending major importers and banks that finance the trade, among others. Ernst & Young LLP, one of the world’s leading multinational professional services providers, is IGJA’s Knowledge Partner. This is a significant achievement for Malabar Gold & Diamonds.

Asher O, Managing Director – India Operations and KP Abdul Salam, Vice Chairman, Malabar Group received the awards during the awards night held at the Grand Hyatt, Mumbai.

It is a great honor to win the prestigious awards at the 48th IGJA 2021. The awards recognize our strong global presence and commitment to building an efficient workforce to serve our customers with a world-class shopping experience , said MP Ahammed, chairman of the Malabar Group. A diversified conglomerate present in 10 countries, Malabar Group currently has more than 14,000 employees. The group offers a healthy work environment and offers its employees the opportunity to become investors. It promotes diversity, equality, growth, entrepreneurship, work flexibility among its employees. The Malabar Group has over 280 showrooms in 10 countries and embodies the vision of Make In India, Market To The World. While other Indian jewelers have expanded into the international market as original manufacturers of major global brands, Malabar Group has been able to create its own unique identity as a consumer brand aimed at a local audience.

Malabar Gold & Diamonds will launch 97 showrooms – 60 across India and 37 overseas. This will bring the company’s total showroom count to 373 by the end of March 2023 and the company will have its strong presence in 13 countries.

Malabar Gold & Diamonds is the flagship company of the Malabar Group, a leading diversified Indian business conglomerate.

Founded in 1993 in the Indian state of Kerala, Malabar Gold & Diamonds today has a strong retail network of over 285 outlets across 10 countries, in addition to several offices, design centers, wholesale units and factories spread across India, Middle East and Far East. & UNITED STATES. With annual sales of $4.51 billion, the company currently ranks among the largest jewelry retailers in the world.

With 14 manufacturing units in India and GCC, the company currently has 12 exclusive jewelry brands to meet the most demanding needs of customers. With its head office in Kerala and branches in India, the Middle East, the Far East and the United States, Malabar Group is best known for its activities in the field of gold, diamonds, silver and lifestyle items.

Malabar Group also operates MGD – Lifestyle Jewellery, a retail concept offering fashionable and lightweight jewelery that represents the independent and modern woman through its designs and collections.

The group, owned by more than 4,000 shareholders, excels in quality products and services, has more than 14,000 professionals from more than 26 countries working for its continued success. Malabar Gold & Diamonds also has an online store offering customers the ability to shop their favorite jewelry anytime, any day from the comfort of their own home.

CSR has been the group’s first commitment since its creation; integrate ESG (Environment, Social & Governance) principles into the core business. The Malabar Group’s main areas of CSR intervention are health, education, women’s empowerment, housing and the environment. The organization’s ESG objectives are periodically reinforced by integrating responsibility and sustainability to remain a socially conscious and responsible organization. The group devotes 5% of its profit to such initiatives in the same country of establishment.

Sarah C. Figueiredo