|
Getting your Trinity Audio player ready...
|
One of the world’s largest jewellery brands is coming to east Auckland within the next six months.
Malabar Gold and Diamonds is set to open a “flagship” showroom at the Botany Town Centre, as well as locations in Hamilton and Wellington, as part of its $75 million retail expansion into New Zealand.
The move follows a free trade agreement signed between the governments of New Zealand and the United Arab Emirates (UAE).
The company says five per cent of profits will be allocated to a range of health, housing, education and other initiatives locally.
Malabar Gold and Diamonds is the sixth largest jewellery retailer globally with more than 375 showrooms in 13 countries.
Its arrival here is aligned with the Comprehensive Economic Partnership Agreement (CEPA) signed between the United Arab Emirates and New Zealand, which fosters increased trade and economic collaboration between the two countries.
“As a globally-recognised jewellery retailer managing its international operations from the UAE, the CEPA between the UAE and New Zealand significantly bolsters our efforts to enter this new market,” Malabar Group chairman M.P Ahammed says.
“By capitalising on the opportunities presented by this bilateral trade agreement, Malabar Gold and Diamonds marks a significant milestone in our overarching vision to become the world’s number-one jewellery retailer.”
As this country’s first Indian international jewellery retailer, Malabar Gold and Diamonds will offer an extensive collection of ethically-sourced gold and diamond jewellery, showcasing the world-renowned craftsmanship of Indian artisans.
“In line with the brand’s time-tested commitment of providing customers with an exceptional and transparent jewellery shopping experience, customers will also enjoy the Malabar Promise, which includes assured lifetime maintenance globally, 100 per cent value on gold and diamond exchange, certified diamonds and a host of other benefits,” the company says.
