The news feeds on this site are independently provided by Adfero Limited © and do not represent the views or opinions of the World Gold Council.

Friday, 26th June 2009 (1973 views)

India-based jewellery retailer Malabar Gold has expanded its presence in Dubai with the opening of a new store.

The company is investing Dh300 million (£49.6 million) in growing its Middle East business and the latest part of the initiative has seen it launch its 28th shop at Al Qusais' Lulu Hypermarket, Gulfnews reports.

Managing director of Malabar's international operations MP Shamlal Ahmad commented: "The Middle East is one of our key growth markets. With our Dh300 million expansion plans, we target a turnover of over Dh750 million in the region."

Malabar has also launched two new designer jewellery ranges, ERA and Ethnix.

ERA items are made up of a combination of ancient and modern Indian styles, while hand-crafted Ethnix pieces are based on the influences that different ethnic groups have had on the country's culture over the years.

Malabar's products are crafted by workers in a number of Indian cities, including Mumbai, Kerala, Kolkata and Delhi.

 

« Back to Gold News stories