India, is one of the major jewelry hubs in the country and is known for its thriving wholesale jewelry market. Here’s some detailed information about the jewellery wholesale market in Mumbai:
- Zaveri Bazaar: Zaveri Bazaar is the most famous and largest wholesale jewelry market in Mumbai. It is located in the Bhuleshwar area of South Mumbai. This market has been around for over a century and is renowned for its extensive variety of gold, silver, diamond, and other precious and semi-precious stone jewelry.
- Crawford Market: Crawford Market, officially known as Mahatma Jyotirao Phule Market, is another significant wholesale market in Mumbai. While it is primarily a fruits, vegetables, and grocery market, it also houses numerous jewelry shops selling wholesale jewelry.
- Mangaldas Market: Situated in the Kalbadevi area, Mangaldas Market is primarily known for its textiles. However, it also offers a wide range of imitation jewelry and costume jewelry at wholesale rates.
- Bharat Diamond Bourse (BDB): Although primarily a diamond trading hub, the BDB located in Bandra Kurla Complex (BKC) is worth mentioning. It is one of the world’s largest diamond exchanges, and many diamond merchants also deal in wholesale diamond-studded jewelry.
- Opera House: Located in the Charni Road area, Opera House is famous for its jewelry shops dealing in gold, silver, and diamond ornaments. It’s a great place to find wholesale deals on traditional Indian jewelry designs.
- Dharavi Market: Dharavi, one of Asia’s largest slums, also has a bustling local market where you can find various types of jewelry, including costume jewelry and accessories, at wholesale prices.
Tips for Wholesale Buyers:
- Always bargain: Bargaining is common in Indian markets, and you can often get better deals by negotiating with the shopkeepers.
- Verify authenticity: If you are buying precious metals or gemstones, make sure to ask for certifications and check the authenticity of the products.
- Research before buying: Understand the current market prices for jewelry and the quality you are seeking to make more informed choices.