Zaveri Bazaar

From Wikipedia, the free encyclopedia
Jump to: navigation, search

Coordinates: 18°57′07″N 72°49′51″E / 18.951808°N 72.830697°E / 18.951808; 72.830697 Zaveri Bazaar (Marathi: झवेरी बाजार) is a jewelry market and a major hub for B2B jewelry industry in Mumbai, India. Located at Bhuleshwar in South Mumbai, just north of Crawford Market, Zaveri Bazaar is a muddle of narrow lanes, dotted with hundreds of jewelry shops that sell gems and jewels, notably Tribhovandas Bhimji Zaveri (TBZ), Dwarkadas Chandumal ,Dhirajlal Bhimji Zaveri & UTZ.[1] 65% of all gold trading and dealing in India is estimated to originate from the market.[2]

Occupancy[edit]

The market houses the headquarters of many jewelry institutions of India including Jagawat Sons(of Mankhush Jagawat) and Tribhovandas Bhimji Zaveri, one of the biggest jewelry retailers of India, established in 1864. All kinds of gems and precious stones are available in the market as well as ornaments of traditional Indian designs to modern designs made of every possible gem and precious metal. Zaveri bazaar is regarded as being secured because it has CCTVs installed in order to avoid almost any crime, private protection involved for every shop, industry is under 24 hr vigilance because it does a huge trade in diamond and also other mettle jewelry. Zaveri Bazaar is also famous for photo frames, clips, tea-sets, dinnerware, toys and other luxury lifestyle articles crafted out of expensive metals. Zaveri Bazaar gets the maximum credit of jewelry and gems export from the country.

Incidents[edit]

Due to its crowded lanes and importance in Mumbai,[original research?] it has been the target of three attacks in Mumbai since 1993. It was one of the 13 areas bombed during the 1993 Bombay bombings, followed by the 25 August 2003 Mumbai bombings and the recent 13 July 2011 Mumbai bombings.[2][3]

See also[edit]

References[edit]

  1. ^ "Indian Shoppers Splurge for Diwali". Businessweek. October 16, 2009. 
  2. ^ a b Bhayani, Rajesh (15 July 2001). "Zaveri Bazar gets used to its sitting duck tag". Business Standard. Retrieved 15 July 2011. 
  3. ^ "Blast sites in Bombay loaded with historical symbolism". Associated Press. 26 August 2003.