SourcingApr 10, 2024
Compliance, Caution, and Concern: The Current Outlook of Indian Diamantaires MajorsMay 06, 2024
Malabar Gold & Diamonds Opens 4th U.S. Showroom
The Indian jeweler’s new store in Naperville, Illinois marks its 350th location, part of its ongoing global expansion plans.
Malabar Gold & Diamonds has plans to expand its U.S. presence, recently opening a new store in Naperville, Illinois.
Naperville, Ill.—Indian jeweler Malabar Gold & Diamonds has opened a new store in Naperville, Illinois, marking its fourth location in the U.S. and its 350th overall.
The new 6,400-square-foot store is located within Patel Plaza.
Complete with a custom design studio, the store offers bridal jewelry as well as everyday wear pieces, stocking 25 exclusive brands and collections.
“The large segment of the Indian subcontinent diaspora in the U.S. is an opportunity for us to expand our offerings to a base of consumers who truly appreciate the artistry of Indian jewelry,” said Shamlal Ahamed, managing director of international operations at Malabar Gold & Diamonds.
The India-based jeweler has locations across the world, including in the U.S., Canada, the U.K., and Australia, as well as a presence in the Middle East and parts of Asia.
Its three other U.S. stores are located in Chicago, Dallas, and Iselin, N.J., where fellow Indian jewelry brand Tanishq has also opened a store.
Malabar has plans to continue its U.S. expansion, said Ahamed, eyeing new locations in Los Angeles, Atlanta, San Francisco, and Seattle as well as in Austin, Texas; Tampa, Florida; and Virginia.
The company also aims to expand in Canada to British Columbia and Alberta.
Outside of North America, the company is looking to open locations in India, its home country and largest market, as well as new countries, including South Africa, Egypt, Bangladesh, Turkey, and New Zealand.
Related stories will be right here …
The new 6,400-square-foot store is located within Patel Plaza.
Complete with a custom design studio, the store offers bridal jewelry as well as everyday wear pieces, stocking 25 exclusive brands and collections.
“The large segment of the Indian subcontinent diaspora in the U.S. is an opportunity for us to expand our offerings to a base of consumers who truly appreciate the artistry of Indian jewelry,” said Shamlal Ahamed, managing director of international operations at Malabar Gold & Diamonds.
The India-based jeweler has locations across the world, including in the U.S., Canada, the U.K., and Australia, as well as a presence in the Middle East and parts of Asia.
Its three other U.S. stores are located in Chicago, Dallas, and Iselin, N.J., where fellow Indian jewelry brand Tanishq has also opened a store.
Malabar has plans to continue its U.S. expansion, said Ahamed, eyeing new locations in Los Angeles, Atlanta, San Francisco, and Seattle as well as in Austin, Texas; Tampa, Florida; and Virginia.
The company also aims to expand in Canada to British Columbia and Alberta.
Outside of North America, the company is looking to open locations in India, its home country and largest market, as well as new countries, including South Africa, Egypt, Bangladesh, Turkey, and New Zealand.
“The launch of Malabar Gold & Diamonds’ 350th global showroom in the U.S. is a proud occasion for us as it signifies the growing footprint of our brand in the international jewelry arena,” said M.P. Ahammed, chairman of Indian conglomerate Malabar Group, which owns the jeweler.
“On behalf of Malabar Group, I would like to convey my sincere gratitude to all our customers, management team members, shareholders and other stakeholders for their contributions in making this occasion truly significant.”
Malabar executives Shamlal Ahamed and Joseph Eapen attended the opening, also welcoming Somnath Ghosh, consul general of India in Chicago, and Rakesh Patel of Patel Brothers, a supermarket chain that serves the Indian community in the U.S.
“With five showrooms in the region [4 in the U.S. and one in Canada], Malabar Gold & Diamonds’ success in North America speaks volumes about the growing demand for Indian-made jewelry in the western hemisphere,” said Abdul Salam K.P, vice chairman of Malabar Group.
More on Majors
The Latest
TrendsJul 26, 2024
Piece of the Week: Bea Bongiasca’s ‘Double Loop’ EarringsCommemorate “brat summer” with these green hoops.
EditorsJul 26, 2024
Out & About: A Dispatch from the Nation’s Smallest StateEditor-in-Chief Michelle Graff returns from Rhode Island with thoughts about in-store shopping and a trends report.
Supplier BulletinJul 25, 2024
Meet Gemology’s Next Generation Microscope: GIA® Gemolite® NXT Professional EditionSponsored by Gemological Institute of America
Brought to you by
The End of an Era? Lab-Grown Diamonds' Journey Towards Price StabilityAs the demand for lab-grown diamond jewelry may still be increasing, the most notable change we are likely to see is price stabilization.
TechnologyJul 25, 2024
Amazon, BBB Sue Website Allegedly Peddling Fake Reviews They claim ReviewServiceUSA.com was selling both positive and negative reviews of products and businesses.
Weekly QuizJul 25, 2024
This Week’s QuizTest your jewelry news knowledge by answering these questions.
SourcingJul 25, 2024
De Beers’ H1 Revenue Falls 21% in ‘Weak’ MarketLab-grown diamond sales in the United States and ongoing economic challenges in China are impacting natural diamond demand.
IndependentsJul 25, 2024
Store Designer Ruth Mellergaard DiesA longtime member of IJO, she’s remembered for her passion for design, learning, and environmentalism.
Brought to you by
Meet Gemology’s Next Generation Microscope: GIA® Gemolite® NXT Professional EditionGIA®’s most advanced microscope has new features to optimize greater precision and comfort.
FinancialsJul 25, 2024
Boucheron, Pomellato Post Double-Digit Growth in Q2 The gains come amid a tough time for parent company Kering, which saw sales slide 11 percent in the first half of the year.
FinancialsJul 24, 2024
LVMH’s First-Half Jewelry, Watch Sales Dip 5%Tiffany & Co. is focusing on its “iconic” collections while the company has made changes at the top at TAG Heuer and Hublot.
MajorsJul 24, 2024
See Chaumet’s Paris Olympic Medals Inspired by its High JewelryThe Parisian brand is the first jewelry company in the history of the Olympic and Paralympic Games to design the medals.
MajorsJul 24, 2024
Jewelers Mutual Acquires Pawnbroker Insurance ProviderUnion Life & Casualty will join JM Insurance Agency Partners, expanding the provider’s pawnbroker coverage.
MajorsJul 24, 2024
Ben Bridge Announces 2024 Lonia Tate Scholarship WinnerLos Angeles-based Bradlei Smith was selected for this year’s award.
ColumnistsJul 23, 2024
Peter Smith: The Case for Optimism in Sales In his latest column, Smith shares multiple reasons why people who look at the glass as being hall full often make better salespeople.
SourcingJul 23, 2024
De Beers’ Production Drops 15% in Q2The company also reported the $150 million sale of an iron ore royalty right, part of its ongoing effort to divest “non-core” assets.
IndependentsJul 23, 2024
Long’s Jewelers Is Giving Away a Luxury Cape Cod VacationThe giveaway is part of the New England jeweler’s summer bridal event.
CollectionsJul 23, 2024
Guzema Debuts ‘Flower Power’ CampaignThe ad features three celebrity florists creating floral sculptures while wearing jewelry by Guzema.
Policies & IssuesJul 23, 2024
Diamonds Do Good Announces Its 2024 Entrepreneurship Grant WinnersThe grant provided a total of $100,000 to support 13 entrepreneurs from diamond communities in Africa and India.
CrimeJul 22, 2024
Florida Jeweler Shot, Killed Following Argument With CustomerGhazi Michel Osta, or “Gus,” was killed Friday by an 83-year-old man said to be a frequent customer at his store, Volusia Gold & Diamond.
Policies & IssuesJul 22, 2024
JVC’s Elyssa Jenkins-Pérez Joins RJCThe organization also announced Effie Marinos as its new specialist advisor for technical standards, as well as four other appointments.
SourcingJul 22, 2024
AWDC Names Karen Rentmeesters as CEORentmeesters has served as interim CEO since April following former CEO Ari Epstein’s resignation.
IndependentsJul 19, 2024
Longtime D.C. Jeweler Brian Mann Dies at 70Mann, whose family’s jewelry store was located inside the Pentagon, is remembered for being a thoughtful champion of the industry.
IndependentsJul 19, 2024
The 1916 Company Opens New Tudor BoutiqueThe 500-square-foot boutique is located in Denver’s Cherry Creek Shopping Center.
CollectionsJul 19, 2024
Piece of the Week: Messika’s ‘So Move Max’ NecklaceDance all night long with the “So Move Max” set’s necklace.
WatchesJul 18, 2024
TAG Heuer, Hublot Will Have New CEOs Luxury giant LVMH is reshuffling the leadership in its watches division.
MajorsJul 18, 2024
New Etsy Campaign Prioritizes Creators Amid BacklashSellers and shoppers have spoken out against a rise in mass-produced merchandise on the platform meant to highlight handmade goods.
MajorsJul 18, 2024
Swarovski Names Ariana Grande as Its New Brand AmbassadorThe celebrity will star in Swarovski’s holiday campaign.
