NATIONAL PRESIDENT’S MESSAGE

Dear Friends,
After a Gap of almost 70 days of lockdown, business in Zaveri bazaar has restarted with new normalcy. IBJA has helped in the distribution of hygiene kits to the jewellers in Zaveri Bazar for the safety of their staff and customers. We have distributed sanitisation machine in entire market area and also distributed nearly 500000 meals to jewellery worker and shall do everything best possible to help and protect them.
IBJA is regularly sending sms and covid-19 safety presentations to our members so that they are well informed regarding the safety guidelines to run their business with utmost care during this pandemic. We request our members to diligently follow the safety norms set by the government.
However, commuting for staff and customers in metropolitan cities like Mumbai is impossible without public transport. Migration of labour to their native is also a big hurdle for jewellery manufacturers. However, consumer demand for jewellery is appx 700 tons per year and Zaveri bazaar itself does daily turnover of appx 1100 crore. We expect gradual normalcy in the next three months time and back to normal by October 2020. Many marriages are likely to prepone and expenses on a big fat wedding are likely to shift to jewellery buying. The percentage margin will improve with reduction in operational and marketing cost , which will be positive for industry. Let us all come together for the smooth functioning of our fraternity and fight Covid-19.

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