ShowBuzz
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.
International News
Hong Kong Jewellery & Gem Fairs celebrate the power of colour
New programmes spotlight coloured gemstones through industry dialogue, next-gen leadership recognition and inclusive jewellery design ahead of Hong Kong’s flagship jewellery fairs.
The year 2026 is set to be a defining chapter for the coloured gemstone industry, with two of the world’s top B2B jewellery sourcing destinations − Jewellery & Gem ASIA Hong Kong (JGA) in June and Jewellery & Gem WORLD Hong Kong (JGW) in September − placing coloured gemstones at the centre of their showcases, event organiser Informa Markets Jewellery announced today.
In the months leading up to JGA and JGW, three exciting programmes are kicking off, accentuating the diversity, vibrancy and community spirit of the coloured gemstone industry. These are ICA Plus − a three-day conference jointly powered by the International Colored Gemstone Association and Informa Markets Jewellery, the NextGen Coloured Gem Excellence Awards and the Gender-Fluid Coloured Gem Jewellery Design Challenge. All three attractions will come together in a grand presentation at JGW.
“These events are shining a spotlight on coloured gemstones by addressing three key dimensions of the industry: Unlocking demand opportunities in markets such as China, Southeast Asia and beyond, while exploring how buyers are engaging in innovative and dynamic ways.
These events are celebrating design as a powerful medium that underscores the versatility and creative potential of coloured gemstones, and championing the next generation of leaders poised to drive the industry forward. These initiatives serve as a catalyst for meaningful dialogue, stimulating innovation and collaboration,” said Celine Lau, Director of Jewellery Fairs.
This pivotal moment for coloured gemstones is marked by the debut of ICA Plus in Hong Kong, positioning Asia as a powerhouse of opportunity. While the ICA’s biennial Congress serves as a prestigious forum for the coloured gemstone industry, ICA Plus offers a more regionally focused platform, zeroing in on Asia-specific dynamics − from market demand outlook and live-selling channels to the shifting preferences of a new generation of consumers, whose attitudes towards gemstone purchases and ownership diverge from those of previous generations, Lau continued.
The NextGen Coloured Gem Excellence Awards, in a complementary vein, represents the industry’s vision for the future, highlighting the next wave of gemstone professionals as they step into leadership roles. As an integral part of the Jewellery World Awards (JWA), this programme carries deep symbolic importance. Its primary aim is to ensure the long-term growth of the industry by fostering a seamless transition of leadership, preserving valuable knowledge and engaging the next generation of consumers. With the luxury market undergoing significant transformation, the focus is on adapting to modern trends while securing sustainable growth for the next 10, 20 years and beyond.
Meanwhile, the Gender-Fluid Coloured Gem Jewellery Design Challenge is a two-pronged initiative. First, it expands the market for jewellery as universal and inclusive, breaking free from traditional stereotypes to appeal to a broader audience. Second, it celebrates coloured gemstones as a spectacular medium for self-expression, pushing boundaries and inspiring creativity, Lau added. “With new initiatives and ideas emerging, the coming months are anticipated to bring interesting opportunities for the coloured gemstone industry,” she said.
| Section | Details |
|---|---|
| Awards Name | NextGen Coloured Gem Excellence Awards by Jewellery World Awards |
| Purpose | To honour rising stars in the coloured gemstone trade who are bringing fresh ideas, bold energy, and a future-focused mindset to the industry. |
| Eligibility | Entrepreneurs and professionals aged 45 years and under working in the coloured gemstone sector. |
| Key Focus | Recognising individuals modernising traditional practices, solving industry challenges, and driving innovation in the trade. |
| Recognition Themes | • Leadership and innovation in traditional gemstone practices • Commitment to sustainability, responsible sourcing, and transparency • Business expansion and market development attracting new customers |
| Awards Ceremony | The awardees will be honoured on 17 September during the JGW Fair Reception. |
| Venue | Hong Kong Convention and Exhibition Centre (HKCEC) |
| Additional Programme | A panel discussion featuring industry voices will explore how the younger generation is shaping the future of the coloured gemstone industry. |
| Industry Impact | The programme aims to spotlight next-generation leaders and encourage progressive ideas that will influence the future of the coloured gemstone sector. |
Making its debut in Hong Kong, ICA Plus is set to be the ultimate networking event in 2026 for the coloured gemstone industry. Jointly powered by Informa Markets Jewellery and ICA, this event will run from 19 – 21 September during JGW and bring together ICA members from nearly 50 countries, alongside JGW buyers and exhibitors and industry stakeholders. Unlike other ICA gatherings, ICA Plus will explore how the coloured gemstone trade can adapt to evolving business landscapes and seize new growth opportunities, with a special focus on Asia.
The event kicks off with a Welcome Reception, followed by a conference, creating a dynamic platform for exhibitors, trade buyers, gemstone entrepreneurs and jewellery design talents to connect, collaborate and gain practical insights.
Gender-Fluid Coloured Gem Jewellery Design Challenge
| Section | Details |
|---|---|
| Challenge Name | Gender-Fluid Coloured Gem Jewellery Design Challenge |
| Objective | To celebrate emerging design voices, unlock the market potential of gender-neutral jewellery, and highlight the storytelling power of coloured gemstones. |
| Design Theme | Jewellery designs that reflect gender-fluid aesthetics, creativity, inclusivity, and innovative use of coloured gemstones. |
| Finalist Showcase | Finalist designs will be unveiled at Jewellery & Gem Asia. |
| Evaluation Process | Designs will be assessed through a dual scoring system consisting of: • Judging Panel Scoring • Public Voting |
| Winning Opportunity | Winning designs will be produced in collaboration with industry sponsors, bringing the concepts to life as finished jewellery pieces. |
| Global Presentation | The completed jewellery pieces will be showcased at Jewellery & Gem World Hong Kong in September, giving designers international exposure. |
| Key Prizes | • Sponsored trip to JGW 2026 • Ownership of the finished jewellery piece • Editorial coverage and additional recognition opportunities |
| Industry Impact | Encourages innovation in jewellery design while promoting inclusivity and expanding the market for gender-neutral coloured gemstone jewellery. |
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