Indian jeweller Malabar Gold and Diamonds is planning a global expansion as it seeks to achieve 220 stores by 2015.

The expansion plan was announced during the opening of its 89th store, in Chennai, India.

“The company plans to increase its worldwide retail network and is targeting to have 220 stores by the year 2015,” said Malabar Group chairman MP Ahammed.

The jeweller is eyeing business growth in South Asia, Middle East, Europe and the US.

Malabar Gold and Diamonds, a part of the conglomerate Malabar Group of Companies, offers a wide variety of gold, diamond, pearl and platinum ornaments.