Malabar Gold to open second showroom in B'lore

Bangalore, Sep 10 (UNI) Malabar Gold, the flagship division of Malabar Group of Companies, is investing Rs 500 crore in next two years to expand its operations in India and Gulf countries.

Announcing this to newsmen here Malabar Gold Managing Director O Asher said Rs 200 crore would be spent on opening 12 new showrooms across the country including in Coimbatore, Chennai, Salem, Erode and Mysore next year, while Rs 300 crore would be used for establishing similar showrooms in Gulf Countries such as Kuwait and Bahrain.

The group already had a showroom in Dubai, he added saying the division had crossed Rs 1,000 crore in gold business.

To a question, he said showrooms would also be opened in Thiruvananthapuram and Kottayam for which the locations had already been decided.

He said Brand Ambassador and noted Hindi Film Actress Hema Malini would inaugurate the second showroom in the city, the 17th in South India, on September 12.

The new showroom would display an extensive collection of traditional and designer bridal jewellery besides a vast range of party wear, work wear and traditional jewellery.

It also had a stunning collection of platinum and diamond jewellery and premium brand international watches to cater to the needs of a cosmopolitan and a burgeoning city.

The bridal collection comprised designs from Kerala, Karnatkaa, Tamil Nadu, West Bengal and also from foreign countries such as Italy, Singapore and Bahrain.

Customers would be given one year free insurance for gold jewellery covering theft, burglary and fire besides lifelong free maintenance and buy back gurantee, he explained.

UNI