The new store was opened at Somajiguda, Hyderabad, and was inaugurated by the Telengana Home Minister
Malabar Gold & Diamonds, one of the largest gold and diamond retail chains of the country, opened its new store at Somajiguda, Hyderabad, on Saturday. Telengana Home Minister Mohammed Mahmood Ali inaugurated the showroom in the presence of key Malabar Gold & Diamonds dignitaries including Malabar Group Chairman MP Ahammed, Co-Chairman Dr PA Ibrahim Haji, Vice-Chairman KP Abdul Salam, Managing Director - India Operations O Asher, and Managing Director - International Operations Shamlal Ahammed, Retail Head (Rest of India) PK Siraj, along with customers and well-wishers.
Speaking on the occasion, Home Minister Mahmood Ali said that after the formation of Telangana, the purchasing power of the people has increased in the state. "The state is marching towards 'Bangaru Telangana', as envisioned by our Chief Minister K Chandrashekar Rao," he added.
The new store has been positioned as the first-of-its-kind large format Artistry concept store of Malabar Gold & Diamonds. It offers a unique jewellery shopping experience that celebrates the art and history of the city, with specially curated designs and a wide range of jewellery designs across gold, diamond, platinum and silver, with particular focus on craftsmanship. Additionally, the store also boasts of one of the largest parking facilities amongst all jewellery stores in the city.
Malabar Group chairman MP Ahammed said, "The first Malabar Gold & Diamonds Artistry Store aims to provide an unparalleled selection of jewellery for every occasion, for customers from all walks of life. The people of Hyderabad are sure to love the luxurious experience of our flagship store and our specially curated designs that brings the city's varied culture and artistry to life. We are grateful to the city and its people for allowing us the privilege of being part of their vibrant culture and auspicious occasions."
As part of the group's CSR initiative, Malabar Gold & Diamonds has kept aside 5% of the profit earned by the Somajiguda showroom for various charitable and philanthropic activities in the region.
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