Mumbai-based jewellery exporter Kama Jewelry has marked a key milestone in India-Oman trade relations by dispatching the first export shipment to Oman under the recently signed India-Oman Comprehensive Economic Partnership Agreement (CEPA).
The shipment is among the first tangible outcomes of the trade pact, which is expected to create new opportunities for Indian gem and jewellery exporters through enhanced market access and duty-free trade benefits.
Under the agreement, Indian gem and jewellery products entering Oman will enjoy 0% customs duty, improving the competitiveness of Indian manufacturers and encouraging stronger direct trade ties between businesses in both countries.
Industry stakeholders expect the CEPA to significantly boost jewellery exports to Oman, with shipments projected to grow from the current US$ 35 million to US$ 150 million over the next three years. The agreement is expected to create fresh opportunities across product categories including gold, diamond, silver, platinum and studded jewellery.
As an early mover under the new trade framework, Kama Jewelry’s inaugural shipment underscores the industry’s readiness to leverage the benefits of the CEPA and expand its presence in the Middle East market.
The development also reinforces Oman’s growing importance as a strategic gateway for Indian exporters seeking access to the wider Gulf Cooperation Council (GCC) region, Africa and neighbouring markets. Industry observers believe the agreement will strengthen bilateral commercial partnerships and open new avenues for long-term growth in the gem and jewellery sector.
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Heera Zhaveraat (HZ International) A Diamond, Watch and Jewellery Trade Promotion Magazine provide dealers and manufactures with the key analytical information they need to succeed in the luxury industry. Pricing, availability and market information in the Magazine provides a critical edge.
