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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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Booth Allotment commences for GJS – The Diwali Edition
Booth Allotment for GJS – The Diwali Edition

The Booth Allotment for GJS – The Diwali Edition process was conducted at GJC headquarters at Panchratna , Mumbai. Excitement and anticipation filled the air as exhibitors secure their prime spots on the show floor.GJS – The Diwali Edition is all set to welcome the industry from 16th–19th September at JWCC, Mumbai.


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CARATS 2025 – India’s Premier B2B Loose Diamond Exhibition Opens Grandly in Surat
The event, organized by the Surat Diamond Association (SDA), promises to be a landmark gathering for the diamond trade, running from 11th to 13th July 2025.

CARATS 2025 – Surat Diamond Expo, India’s most premium B2B loose diamond exhibition, was inaugurated with grandeur at Avadh Utopia, Surat.

The inauguration ceremony witnessed the presence of several industry stalwarts and dignitaries, including Govindbhai Dholakia, Chairman of Surat Diamond Bourse (SDB); Vinod Dabhi, Convenor of CARATS; Jagdishbhai Khunt, President of SDA; along with senior members from SDB, SDA, and key players from the gems and jewellery (GJ) industry.
CARATS 2025 serves as a premium platform for loose diamond manufacturers, traders, and buyers to engage in high-level business interactions and showcase the finest quality diamonds. With Surat being the global hub of diamond cutting and polishing, the expo reaffirms the city’s pivotal role in shaping the future of the global diamond trade.


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GJEPC targets Saudi Arabia, a $1.1 tn economy to expand gems & jewellery exports
Successfully launches SAJEX – The Saudi Arabia Jewellery Exposition

The Gem & Jewellery Export Promotion Council (GJEPC), the apex body of the gem and jewellery trade in India, with the support of the Ministry of Commerce & Industry, Government of India; the Embassy of India in Riyadh; the Consulate General of India in Jeddah; and the Dubai Jewellery Group, successfully launched SAJEX – The Saudi Arabia Jewellery Exposition through two curtain-raiser events in Jeddah on 6th July and Riyadh on 8th July 2025. The twin events witnessed an overwhelming response from over 280 key Saudi stakeholders — including top retailers, wholesalers, and manufacturers.
SAJEX 2025 will take place from 11th to 13th September 2025 at the iconic Jeddah Superdome
As part of its ongoing efforts to diversify export markets and explore untapped opportunities, GJEPC is unlocking the growing potential of Saudi Arabia — the Gulf’s largest economy, with a GDP of USD 1.1 trillion. With its jewellery market projected to nearly double from USD 4.56 billion in 2024 to USD 8.34 billion by 2030, Saudi Arabia is fast emerging as a key destination for contemporary and luxury jewellery. A young, urban population and a dynamic retail environment are driving demand for 18K and 21K plain gold, diamond-studded jewellery, and premium design-led products. Against this backdrop, SAJEX becomes an important strategic step to strengthen India-Saudi Arabia ties and expand India’s jewellery footprint in the Middle East and beyond.
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SAJEX, positioned as “The World Gem and Jewellery Fair,” marks the beginning of a long-term partnership between India and Saudi Arabia in the jewellery sector. India, as the global hub for jewellery manufacturing, will proudly showcase its exceptional craftsmanship, cutting-edge design, and manufacturing expertise at this platform which will feature over 200 leading exhibitors across 250+ booths from India, Saudi Arabia, UAE, Turkey, Hong Kong, and Lebanon. The event will witness over 2,000 international buyers, and the product showcase will span diamond and coloured gemstone-studded jewellery, 18kt, 21kt, and 22kt plain gold jewellery, platinum jewellery, lab-grown diamond jewellery, in both pret and bridal, gifting collections, along with cutting-edge jewellery technology.
What makes SAJEX truly unique is its long-term vision — to foster enduring partnerships between international manufacturers and Saudi retailers through a focused B2B platform tailored to the Kingdom’s evolving market. At the heart of this effort is the World Jewellery Investment Forum, co-hosted by GJEPC and the Ministry of Investment of Saudi Arabia. This high-level forum will bring together government leaders, global brands, investors, and industry experts to explore strategic opportunities across the jewellery value chain — positioning Saudi Arabia as a future hub for jewellery design, innovation, and investment.
SAJEX curtain raiser at Jeddah was graced by Mr. Fahad Ahmed Khan Suri, Consul General of India in Jeddah; Eng. Raed Ibrahim Almudaiheem, First Vice Chairman, Jeddah Chamber of Commerce; and Mr. Sheikh Ali Batarfi Al Kindi, President, Jeddah Jewellery Association, along with the GJEPC leadership team.
The Riyadh event witnessed the presence of His Excellency Dr. Suhel Ajaz Khan, Ambassador of India to the Kingdom of Saudi Arabia; His Excellency Mr. Ajlan Saad Alajlan, Second Vice Chairman, Riyadh Chamber; Mr. Faleh G. Almutairi, Director of International Relations with Asian Countries; and Ms. Manusmriti, Counsellor (Economic & Commerce), joined by Mr. Kirit Bhansali, Chairman, GJEPC; Mr. Nirav Bhansali, Convener – National Exhibitions; and Mr. Sabyasachi Ray, Executive Director, GJEPC.

Speaking about this new GJEPC initiative, Dr Suhel Ajaz Khan, Ambassador of India to the Kingdom of Saudi Arabia said, “India and Saudi Arabia share a strategic and deep-rooted relationship, and SAJEX reflects this evolving bond. It’s not only a celebration of India’s design excellence but also a gateway to deeper commercial cooperation in the luxury segment. This initiative opens new avenues for bilateral partnerships, drives cultural exchange through craftsmanship, and contributes meaningfully to Saudi Arabia’s Vision 2030 goals. It is heartening to see such focused efforts towards strengthening economic ties in high-value sectors like jewellery.”
Mr. Fahad Ahmed Khan Suri, Consul General of India in Jeddah said, “SAJEX 2025 is more than just an exhibition — it is a symbol of the growing partnership between India and Saudi Arabia. With India’s legacy of jewellery craftsmanship and Saudi Arabia’s rising global influence in luxury retail, this platform sets the stage for a vibrant and collaborative jewellery ecosystem. The Consulate is proud to support this initiative that not only deepens bilateral trade but also showcases the power of cultural and commercial synergy.”


Kirit Bhansali, Chairman, GJEPC, said, “Amidst a dynamic global trade environment, SAJEX is a proactive step towards expanding India’s jewellery exports to high-potential markets like Saudi Arabia. The Kingdom, with its evolving luxury retail ecosystem, young consumers, and strong appetite for design-led gold and diamond jewellery, presents an exciting frontier for Indian manufacturers. SAJEX marks the beginning of a shared journey between India and Saudi Arabia — positioning the two nations as a formidable force. With India as a leading global supplier of gems and jewellery, exporting USD 32 billion annually, and Saudi Arabia’s jewellery market projected to nearly double to USD 8.34 billion by 2030, this partnership is set to reshape the industry and set new benchmarks for collaboration, innovation, and growth across the region and beyond.”
SAJEX 2025 Highlights:
- Date & Venue: 11th to 13th September 2025, Jeddah Superdome
- Participants: Over 200 leading exhibitors across 250+ booths
- Representation: Saudi Arabia, India, UAE, Turkey, Hong Kong, Lebanon
- Buyers: More than 2,000 international trade buyers expected
- Product Range: Diamond and coloured gemstone-studded jewellery, 18kt, 21kt, and 22kt plain gold jewellery, platinum jewellery, lab-grown diamond jewellery, in both pret and bridal, gifting collections, and jewellery technology
- Features: Knowledge Talks, Design Atelier, Curated Networking, Strategic Tie-ups, World Jewellery Investment Forum
SAJEX is expected to be a game-changer — not just as a trade platform, but as a catalyst for transforming the Kingdom’s gem and jewellery industry through global collaboration, innovation, and investment.
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