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The company aims to open 100 new stores within the next year, along with the addition of 7,000 new employees to its existing workforce of 21,000, reflecting its commitment to inclusive growth. With the strategic expansion plan for India and overseas markets, the brand aims to consolidate its position as a global leader. Beyond its current operations in India, Malabar Gold & Diamonds is set to expand into states like Jharkhand, Goa, Assam, Tripura, and Jammu & Kashmir.

In 2023, the gems and jewellery sector experienced a whirlwind of events, marked by record-high gold prices, corrected diamond prices, geopolitical tensions, and increased global central bank buying for investment purposes.

To open 10 Showrooms in India, 12 in abroad in January 2022To invest Rs. 800 crores in January 2022To generate more than 5000 employments this yearAs part of its global expansion plans for 2022, Malabar Gold and Diamonds will open 22 new showrooms in India and abroad in January itself, pitching itself firmly on the

Get latest articles and stories on Business at LatestLY. According to the latest India Development Update by the World Bank, the country emerged as one of the fastest-growing major economies in FY 2022/23, boasting a growth rate of 7.2 per cent. Business News | India's Gems-jewellery Sector Sparkles Amidst Surging Gold Prices and Global Export Dominance.

Doha, Qatar: Emphasising its commitment of being a socially conscious responsible organisation, Malabar Gold Diamonds, the 6th largest jewellery r...