The organisers, the India Bullion and Jewellers Association (estb. 1948), an apex association for all the bullion and jewellery associations in India, initiated the awards in 2013 to acknowledge the contribution of manufacturers, refiners, wholesalers, retailers, bankers, insurance companies, logistics and media companies who play an important role towards the success of the bullion and jewellery trade. The IBJA Fashion Show is an event that sees renowned jewellers showcase their upcoming jewellery collections and set trends in both traditional and contemporary designs.