Thursday, 25th September 2008 (1029 views)

A leading jewellery chain based in southern India is expanding its operations in the Middle East, it has been reported.

Malabar Gold is set to open a store in Ajman in the United Arab Emirates. It is the firm's second venture into the Middle Eastern market, according to the Khaleej Times.

Its first showroom in the region was launched in Sharjah in June in a bid to extend its portfolio into a different continent.

The company already has 20 branches across India and is planning to open up several new outlets in the country, including new stores in Sultan Batheri and Erode.

Jewellery from different nations around the world, such as Singapore and Italy, will be on display in the new boutiques.

Recently, Indian jewellery manufacturer Dynamix announced that it will acquire designer JewelAmerica.

Chief executive officer Zvi Wertheimer remarked: "This transaction is the next logical step for the growth of the business."

 

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