Malabar Gold strengthens position in the UK, opens second store  

World’s sixth largest jewellery retailer, Malabar Gold and Diamonds, has opened its second UK showroom in Leicester. This marks a significant step in its expansion plans for the region.

“We have ambitious expansion plans in the UK & Europe region with immediate openings planned in Southall and Wembley in London, as well as Birmingham and Manchester,” Shamlal Ahamed, Managing Director of International Operations at Malabar Gold & Diamonds, said in a statement.

The company aims to capitalise on the UK’s vibrant Indian sub-continent community, which appreciates handcrafted Indian jewellery, Ahamed added.

The 2,000-square-foot store was inaugurated by Leicester City Mayor Peter Soulsby and it showcases over 20,000 jewellery designs from 20 countries, catering to various wear categories including bridal and office, the company said in a statement.

Malabar Gold, which operates 350 showrooms across 13 countries, entered the UK market a year ago with its first store in London.

Malabar Gold’s expansion strategy includes strengthening its presence in existing markets and entering new countries such as South Africa, Egypt, Bangladesh, Turkey and New Zealand.