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Malabar Gold & Diamonds is an Indian jewellery group headquartered in Kozhikode, Kerala. The company was founded by M. P. Ahammed in 1993. [ 2 ] As of May 2023, it owns more than 330 showrooms across 11 countries, making it one of the largest chains of jewellery retailer in the world.
He is also the founder of Malabar Gold and Diamonds, one of the world's largest retail jewellery groups. [1] According to the Economic Times, in 2012 Malabar Gold and Diamonds made a turnover of ₹120 billion, [2] and by the end of 2013, the company's turnover touched ₹220 billion. [3]
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The practice of wearing earrings was a tradition for Ainu men and women, [13] but the Government of Meiji Japan forbade Ainu men to wear earrings in the late-19th century. [14] Earrings were also commonplace among nomadic Turkic tribes and Korea. Lavish ear ornaments have remained popular in India from ancient times to the present day.
In the early 1990s, India's exchange crisis was resolved, and Titan Company shifted the focus of the brand to the Indian market. A pilot plant was set up in August 1992 and the production began in 1994, and Tanishq's first store opened in 1996. Tanishq was the first jewellery retail chain in India. [5]
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