Malabar Gold & Diamonds set to enter the New Zealand market with NZD 75 million investment

With this announcement, the brand is expanding its global presence to 14 countries

Dubai: Leading jewellery retail conglomerate Malabar Gold & Diamonds is set to expand its footprint into New Zealand. The brand’s international operations are based out of the Malabar International Hub in the United Arab Emirates, and signing of the Comprehensive Economic Partnership Agreement (CEPA) between the UAE and New Zealand, for increased trade and economic collaboration between the two nations, has catalysed this strategic move.  

With this announcement, Malabar Gold & Diamonds will expand its retail presence into the 14th global country of operation for the brand. In the initial phase of its expansion into New Zealand, Malabar Gold & Diamonds will invest NZD 75 million to establish its presence in the region. This significant investment will see the launch of three showrooms, bringing the brand’s jewellery collections and craftsmanship to New Zealand’s discerning customers.  

“As a globally recognized jewellery retailer managing its international operations from the UAE, the Comprehensive Economic Partnership Agreement between the UAE and New Zealand significantly bolsters our efforts to enter this new market. This agreement not only allows us to strengthen economic ties but also provides us with an opportunity to introduce our products and services to a whole new audience. By capitalizing on the opportunities presented by this bilateral trade agreement, Malabar Gold & Diamonds marks a significant milestone in our overarching vision to become the world’s number one jewellery retailer,” commented M.P. Ahammed, Chairman of Malabar Group.  

New Zealand is a market brimming with potential, observed Shamlal Ahamed, Managing Director – International Operations, Malabar Gold & Diamonds. “We have an exceptional opportunity to connect with a diverse customer base that appreciates the artistry, quality and authenticity synonymous with Malabar Gold & Diamonds. As the UAE stands as one of the world’s premier jewellery trading hubs and the base of our international operations, the provisions in CEPA that promotes UAE-NZ trade opens a more efficient and streamlined pathway into the market,” he commented. 

Abdul Salam K.P, Vice Chairman of Malabar Group, said while expanding into New Zealand, the brand will uphold its commitment to operating as a model organization that prioritizes responsibility and sustainability in every aspect of its business.  

Malabar Gold & Diamonds is the flagship company of Malabar Group, a leading diversified Indian business conglomerate. It is considered the 6th largest jewellery retailer globally with more than 375 showrooms across 13 countries, including India, Middle East, Far East, the USA, the UK, Canada and Australia.

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