Mumbai’s Zaveri Bazaar sees increased migration of artisans due to Bengal elections. The jewelry industry is being impacted by a shortage of labor, expensive gold, and declining demand.
Zaveri Bazaar
Zaveri Bazaar is a historic and bustling jewelry market located in Mumbai, India, renowned as one of the largest gold and diamond trading hubs in Asia. Its origins date back to the 18th century, established by Gujarati and Marwari traders, and it has grown into a vibrant commercial district synonymous with traditional craftsmanship and luxury. Today, it remains a major destination for both wholesale trade and retail shoppers seeking intricate jewelry designs.