Shruti Haasan launches Malabar Gold & Diamonds at Dilsukhnagar

Malabar Gold & Diamonds' 6th showroom at Dilsukhnagar, on June 3rd , 2012.

Malabar Gold & Diamonds opens its 67th world-class showroom at Dilsukhnagar on June 3rd, 2012 taking the number of stores in Andhra Pradesh to five. India's renowned film actress, singer and composer Shruti Haasan inaugurates the new showroom.

"The company plans to increase its worldwide retail network to 200 by 2015 from the current 67 to become the world's leading jewellery brand," said Mr M. P Ahamed, chairman of Malabar Group of Companies.

Mr Ahamed said Malabar Gold & Diamonds, which was started in 1993, has now expanded its presence across Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Delhi and Gulf countries.

"As expansion of our presence continues in these states, we plan to open new showrooms in other Indian states such as Maharashtra, Gujarat, Delhi & NCR Region, UP and Punjab among others. Apart from Gulf countries, we have decided to
expand our presence to South Asia, other parts of Middle East, Far East, Europe and America," Mr.Ahamed said.

`Junior NTR, the popular film hero in Telugu film industry, is our Brand Ambassador in Andhra Pradesh. Apart from our exisitng showrooms at Dilsukhnagar, Somajiguda, Kukatpally, Visakhapatnam and Tirupati in Andhra Pradesh, the
company plans to have 25 showrooms in the state by 2014. Malabar Gold & Diamonds will open its other showrooms shortly at Kurnool, Vijayawada, Kakinada, Rajahmundry, Kadapa, Nefore and other Cities," Mr Asher O Group Executive Director said.

In the new showroom, Malabar Gold & Diamonds showcases an extensive range of collections such as Ethnix-hand crafted designer jewellery, Era-uncut diamond jewellery, Divine-Indian heritage jewellery, Starlet-specially designed for
kids and the Precia-a collection of precious gems jewellery. Malabar Gold & Diamonds also has an exclusive collection of stunning diamond jewellery under Mine. Besides, the showroom displays silver articles and premium national and
international watch brands like Rado, Tissot, Titan, and Fastrack among others.

The jeweller sells only BIS Hallmarked 916 Gold, IGI Certified E F Color V V S clarity diamond jewellery, PGI certified platinum jewellery and BIS hallmarked silver articles.

All products sold in Malabar Gold & Diamonds come with a detailed and transparent price tag with details like gross weight, stone weight, making charge, stone charge and net weight. Thus enabling customers to understand the product
pricing themselves.

The jeweller's'Gold purchase scheme enables its customer to book gold on a monthly basis and to hedge against rising gold prices. The booking wi II carry an additional bonus benefit when the customers buy the ornaments.

Malabar Gold & Diamonds recently launched its job portal www.malabarjobs.in for prospective job seekers and hopes to create 15,000 job opportunities soon for educated and talented candidates.

Malabar Gold & Diamonds'value-added services include lifelong free maintenance, one-year free insurance coverage and buyback guarantee for all its ornaments.

As a part of the corporate social responsibility initiatives, Malabar Gold & Diamonds has earmarked a portion of its turnover for medical and housing charitable activities under the aegis of Malabar Charitable Trust. Medical charity, which was started during 1999, is providing lifesaving drugs to the poor and to date more than 2,60,000 patients have been benefitted.

Malabar Housing Charity, which was started during 2004 with the objective of building homes for the poor and underprivileged, has so far built more than 5,500 houses. The group thus extends its solacing hands to the deserving people through its showrooms throughout the year. It has also conducted many litter free awareness campaigns & projects for social well-being as a part of the Green India initiative.

For more details, please contact:
Kalyan Ram
Associate Director
Malabar Gold & Diamonds, A.P India