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Zaveri Bazaar Festival 2023 by IBJA: A Celebration for the Industry, by the Industry
From 3rd April to 6th April 2023, Zaveri Bazaar, the iconic jewelry hub of Mumbai, was abuzz with excitement as the much-awaited Zaveri Bazaar Festival, organized by the Indian Bullion and Jewellers Association Ltd. (IBJA), unfolded in all its glory. The festival, spanning three days, witnessed an impressive turnout of participants from across the industry, who eagerly took part in the lucky draw for a chance to win coveted prizes.
One of the highlights of the festival was the thrilling lucky draw, which saw participants vying for a chance to win silver and gold prizes. The winners were awarded with 10gms, 100gms, and 200gms of silver, as well as 10gms of gold. The lucky draw created an atmosphere of anticipation and excitement, with participants eagerly awaiting the announcement of the winners.
A total of 202 exhibitors participated in the event, showcasing their exquisite jewellery creations and engaging with visitors. The festival provided a platform for jewellers to connect with customers, explore business opportunities, and showcase their craftsmanship and creativity. The vibrant display of jewellery, ranging from traditional to contemporary designs, left visitors mesmerized with the sheer beauty and craftsmanship on display.
In addition to the lucky draw, the festival also witnessed the distribution of 3500 coupons, adding to the excitement and enthusiasm of the participants. The coupons added an element of surprise and anticipation, as visitors eagerly awaited their chance to win the coveted prizes. Buyers were also given free gift by IBJA at the event.
The Zaveri Bazaar Festival 2023 was not just about prizes and business opportunities, but also about fostering a sense of community and camaraderie among the participants. The festival provided a platform for jewelers to come together, share ideas, and collaborate, further strengthening the bond within the industry.
Mr. Prithviraj Kothari, National President of IBJA, expressed his delight at the overwhelming response to the festival. He said, “The Zaveri Bazaar Festival has always been a much-awaited event in the jewelry industry, and this year was no different. The enthusiastic participation from across the industry, the display of exquisite jewelry, and the thrilling lucky draw made it a truly memorable event.”
The Zaveri Bazaar Festival 2023 by IBJA was a resounding success, creating a buzz in the jewelry industry and leaving participants and visitors alike with cherished memories. The festival showcased the vibrancy, creativity, and talent of the jewelry industry, while also providing a platform for business opportunities and networking. As the curtains came down on this event, participants and visitors alike eagerly await the next edition of the Zaveri Bazaar Festival.
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GIA Board Of Governors In India To Discuss Industry Priorities and Expand Grading Services Scope
GJEPC Proposed Building On The Traditional 4Cs Framework With Greater Emphasis On Rarity, Traceability, Provenance and Exclusivity To Help Consumers Better Understand The Characteristics and Story Of Natural Diamonds
The GIA Board of Governors delegation, led by Pritesh Patel, President and Chief Executive Officer of GIA met dignitaries and senior leadership of the Indian GJ leadership at an event titled INDIA IN BRILLIANCE . Amit Pratihari, MD-GIA India was present at the event.The highlight was a fireside chat with Ajoy Chawla, MD Titan Co Ltd , Pritesh Patel and Amit Pratihari.
Earlier GJEPC welcomed the GIA Board of Governors delegation, led by Pritesh Patel, to its Mumbai head office on 14 October 2026 for discussions on industry priorities, certification services and opportunities to strengthen India’s position in the global gem and jewellery trade.
GJEPC recommended setting up a GIA verification service within Bharat Diamond Bourse (BDB), with a defined timeline, to make diamond verification more accessible and help deter fraudulent cases and fake laser inscriptions.
GJEPC urged GIA to extend grading services in India to diamonds of all sizes, including stones above 3.99 carats, as well as fancy-colour diamonds. The Council highlighted the delays and logistical challenges involved in sending such stones overseas for grading.
GJEPC proposed building on the traditional 4Cs framework with greater emphasis on rarity, traceability, provenance and exclusivity to help consumers better understand the characteristics and story of natural diamonds.
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JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.