"celebration marking" is correct and usable in written English.
You can use it to refer to a celebration, usually a special occasion, to commemorate a certain event or milestone. For example, "The company hosted a special celebration marking its 10th anniversary."
A celebration marking the Burmese New Year, with music, dance, crafts and food.
Former President Suharto, 80, collapsed during a celebration marking the end of the Muslim fasting month of Ramadan.
What was supposed to be a day of celebration, marking a government that took nine weeks after the elections to assemble, quickly turned into a national drama.
He failed to show up Friday to the celebration marking the sixty-ninth anniversary of the founding of the ruling Workers Partyy.
It will begin its 31st year of culture programming on Sept. 18 with a celebration marking the composer Joan Tower's 70th birthday.
(Symphony Space's annual Bloomsday celebration, marking the date on which the events in James Joyce's "Ulysses" occur, is scheduled for Tuesday).
Mandela's trip to northern England in 2001 was part of the celebration marking the seventh anniversary of the end of apartheid in South Africa.
In 1963, Schlafly nominated Goldwater to speak at a celebration marking the twenty-fifth anniversary of the National Federation of Republican Women.
When the old roof slates were removed, workers discovered numerous bits of gold confetti from the 2000 celebration marking the millennium.
It was for Christopher Columbus, billed as America's "centerpiece" celebration marking the 500th anniversary of his voyage to the New World in 1492.
Classic authors and digital technology nevertheless clicked at an April celebration marking the 75th anniversary of the undergraduate Core Curriculum course, Literature Humanities.
