Business

Malabar Gold & Diamonds bags Bank Muscat Award for sixth time

 
MUSCAT: Malabar Gold & Diamonds, the 6th largest jewellery retailer globally with a strong retail network of over 320 outlets spread across 11 countries received Bank Muscat Award for the sixth consecutive year. The company got the award in the category ‘Jewellery for the year 2022’. The company has received Bank Muscat Award in the year 2015, 2016, 2017, 2018 & 2021 as well. Najeeb K, Regional Head – Malabar Gold & Diamonds, received the award from Shaikh Waleed al Hashar, Chief Executive Officer- Bank Muscat in the presence of Udesh P T, Branch Manager -Malabar Gold & Diamonds and other officials from Bank Muscat during a ceremony held on 20th June at the Kempinski Hotel.

Bank Muscat hosts the event to honor, recognize and celebrate the success of their top merchants.

“We are extremely happy to receive the ‘Bank Muscat Award’ for the 6th time in a row. At Malabar Gold & Diamonds, we have prioritized exquisitely crafted jewellery and unparalleled service to provide our customers with an immersive and enjoyable jewellery shopping experience. This award is a humble recognition from our loyal customers. We dedicate this inspiring triumph to our millions of satisfied customers, team members and investors, for their unwavering and continued support over the years”, said Mr. Najeeb K - Regional Head – Malabar Gold & Diamonds, speaking on the occasion.

Since its inception in 1993, Malabar Gold & Diamonds has developed a strong retail presence in India, Middle East, Far East , the USA & the UK, with a network of 320 outlets across eleven countries. With an annual turnover of $5.2 billion, the company today ranks as the 6th largest jewellery retailer globally. Malabar Gold & Diamonds has always kept customer-first as the principal attitude in all its steps taken and takes efforts at satisfying the discerning needs of its multinational and multicultural customers by incorporating the diverse tastes in the splendid jewellery designs that they showcase. Malabar Group offers exquisite and stunning jewelry as a part of various brands presented at Malabar Gold & Diamonds’ namely Mine - Diamonds Unlimited, Ethnix - Handcrafted Designer Jewellery, Era - Uncut Diamond Jewellery, Divine- Indian Heritage Jewellery, Precia - Gem Jewellery and Starlet - Kids Jewellery.

Malabar Gold & Diamonds currently operates 16 showrooms across Oman at Ruwi,Baushar, Seeb, Barka, Salalah, Sohar, Muthra Souk, Nizwa, Ibri, Al Bandar and Al Khoud.

ESG (Environmental, Social & Governance) has been a primary commitment of Malabar Group since its inception in 1993, setting 5% of its net profits towards such causes in every region of operation. The group operates on the strong belief that the most successful companies are the ones that integrate responsibility and sustainability into their core business. The key focus areas of Malabar Group’s ESG initiatives are Health, Housing, Hunger Eradication, Education, Environment & Women empowerment. The group periodically strengthens its ESG goals to remain a socially conscious and responsible organization.