Malabar adds more ‘sparkle’ to gold rate protection offers

KUWAIT CITY, March 14: With an impressive retail network of over 305 outlets across 10 countries, Malabar Gold & Diamonds, the 6th largest jewellery retailer globally has enhanced their gold rate protection offer by providing customers with a free diamond gift voucher worth KWD 10 for 10% advance bookings made on or before the 2nd of April.

The additional incentive was announced by the brand after the resounding acceptance of their gold rate protection offer which was unveiled on the 1st of March, through which customers can just pay 10% advance for their favorite jewellery and block the gold rate until the 23rd of April 2022, protecting themselves from any increase in gold rate during this period. If gold rate increases at the time of purchase, customers can avail the blocked rate and if it reduces they can still draw mileage of the reduced rate.

This offer will be valid across all Malabar Gold & Diamonds showrooms. Customers can either pay the advance directly at the outlet or online, via Malabar Gold & Diamonds’ mobile app. The free gift voucher will be available to the customers through the brand’s mobile app and can only be obtained for the first 10% advance booking made by a customer before April 2nd. The gift voucher can be redeemed at any Malabar Gold & Diamonds showrooms in the country of issue.

“In the short period since we have introduced the gold rate protection offer, our valued customer have seized the opportunity to invest in gold, which is one of the safest assets to invest in, without having to worry about the constant change in prices. By paying just 10% as advance, customers can ensure that they reap the benefits of the fluctuating prices, regardless of whether it goes up or down. As Malabar Gold & Diamonds steps into its 30th year of providing exemplary jewellery shopping experience, we are providing our customers with an added benefit of free diamond gift vouchers to ensure that they get to enjoy the upcoming festive season to the fullest extent”, commented Mr. Shamlal Ahamed, MD-International Operations, Malabar Gold & Diamonds.

With the upcoming festive season, this exclusive offer from Malabar Gold & Diamonds will help customers shop for their favorite jewellery, without having to worry about the gold price. Gold being a reliable investment is one of the intrinsic reasons for people buying gold jewellery while also serving as an adornment. It is the ease to liquidate the metal for cash without losing much value even during difficult times that has further increased its dependability.

Malabar Gold & Diamonds was established in 1993 and is the flagship company of Malabar Group, a leading diversified Indian business conglomerate.

With an annual turnover of $4.1 billion, the company currently ranks as the 6th largest jewellery retailer globally and today has a strong retail network of over 305 outlets spread across 10 countries in addition to multiple offices, design centers, wholesale units and factories spread across India, Middle East, Far East & USA. The group, owned by more than 4,000 shareholders, has more than 16,500 professionals from over 26 countries working towards its continued success. Malabar Gold & Diamonds also features an online store www. malabargoldanddiamonds.com providing customers the opportunity to purchase their favorite jewelry at any time and on any day from the comfort of their homes.

The group also operates MGD – Lifestyle Jewellery, a retail concept offering trendy and light weight jewellery that represents the independent and the modern woman through its designs and collections.

CSR has been the primary commitment of the group since its inception; integrating ESG (Environmental, Social & Governance) principles into the core business. The key CSR focus areas of Malabar Group are Hunger, Health, Education, Women Empowerment, Housing, and the Environment. The ESG goals of the organization are periodically strengthened by integrating responsibility and sustainability to remain a socially conscious and responsible organization. The group contributes 5% of its profit to such initiatives in the same country of operation.