Mumbai : Maharashtra Chief Minister Devendra Fadnavis inaugurated the first-ever Zaveri Bazaar Gems and Jewellery Festival 2025 in Mumbai, highlighting the market’s global reputation and vital contribution to India’s economy.
Organised by the Zaveri Bazaar Welfare Association, the festival runs from September 22 to October 26, with its main exhibition scheduled between October 6 and 16.
Praising the artisans, Fadnavis called Zaveri Bazaar the “backbone of India’s gems and jewellery industry” and assured full government support for its redevelopment. He noted that the festival provides local traders with an opportunity to connect with international businesses, further strengthening India’s export share.
A key highlight of the event was the signing of an MoU between the Zaveri Bazaar Welfare Association and India Gold Metaverse to integrate Artificial Intelligence and Blockchain in jewellery trade, boosting transparency and efficiency.
For the festival, the historic market has been transformed into a vibrant cultural hub, featuring decorative gateways named after national icons and a replica of the Ayodhya Ram Temple. Fadnavis lauded the organisers for blending tradition with modern aesthetics.
