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Discussions with directors and key stakeholders indicated that the present slowdown is unlikely to be short-lived, prompting the association to reconsider hosting the event next year.

Decision Taken in the Interest of the Industry

In its statement, the association emphasized that organizing a large-scale festival or exhibition under the current circumstances would not be appropriate. Rather than adding further pressure on businesses already navigating difficult conditions, ZBWA has chosen to adopt a cautious approach.

The association reiterated its commitment to supporting jewellers and industry participants during this period while monitoring market developments closely.

Update from Zaveri Bazaar Welfare Association

Our Chairman recently conducted a ZBWA Committee Meeting to review the current industry scenario. After deep discussions with all our Directors and key industry stakeholders, it’s clear this is not a temporary phase — the challenges are likely to continue for longer.

In light of this, ZBWA has decided to postpone ZBF2026.

We believe it’s not right to organize a festival or exhibition when the Hon’ble PM of India himself has appealed not to buy gold.

ZBWA to Continue Supporting the Jewellery Community

While ZBF 2026 has been postponed, the association assured members that it will continue engaging with stakeholders and working towards the long-term interests of the jewellery trade.

For the time being, ZBWA said it will “wait, watch, and continue supporting the industry” until market conditions show signs of meaningful improvement.

Key Highlights

• Zaveri Bazaar Gems & Jewellery Festival (ZBF 2026) has been postponed.
• Decision taken after discussions with ZBWA directors and industry stakeholders.
• Association believes current industry challenges may persist for an extended period.
• Weak sales and subdued market sentiment cited as major concerns.
• ZBWA will continue supporting the jewellery industry while monitoring future developments.

FAQ’s

1. Why has ZBF 2026 been postponed?
ZBF 2026 has been postponed after ZBWA reviewed the current state of the gold and jewellery industry and concluded that existing challenges are likely to persist. The association believes that hosting a major festival amid weak demand and market uncertainty would not be in the industry’s best interest.

2. What factors influenced ZBWA’s decision to defer the event?
The decision was influenced by declining jewellery sales, subdued consumer sentiment, prolonged market weakness, and discussions with industry stakeholders. ZBWA also noted concerns regarding responsible gold consumption amid the current economic environment.

3. What did the ZBWA committee conclude about the industry’s outlook?
Following extensive discussions with directors and key industry representatives, the committee concluded that the current slowdown is not a temporary phase. The association expects market challenges to continue for an extended period, making it difficult to justify organizing a large-scale industry event.

4. How is the gold and jewellery sector currently performing?
According to ZBWA, the sector is facing significant pressure due to weaker consumer demand and reduced sales activity. The association stated that there are currently few signs of an immediate recovery, prompting businesses to adopt a cautious approach.

5. What are ZBWA’s plans after postponing ZBF 2026?
Although the festival has been deferred, ZBWA has reaffirmed its commitment to supporting jewellers and industry stakeholders. The association plans to continue engaging with members, monitoring market conditions, and working toward the long-term growth and stability of the jewellery trade.

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