First Export Shipment to Oman Dispatched Under India-Oman CEPA

Mumbai-based jewellery exporter Kama Jewelry has achieved a significant milestone in India-Oman trade by sending the first export shipment to Oman under the newly signed India-Oman Comprehensive Economic Partnership Agreement (CEPA).

The shipment represents one of the earliest tangible benefits of the landmark trade agreement, which is expected to unlock substantial opportunities for India’s gem and jewellery sector through improved market access and duty-free trade provisions.

With the implementation of the CEPA, Indian gem and jewellery exports to Oman will benefit from zero customs duty, enhancing the global competitiveness of Indian manufacturers and fostering stronger business-to-business trade relations between the two countries.

Industry experts anticipate that the agreement will drive a sharp increase in jewellery exports to Oman, with export values projected to rise from the current US$35 million to nearly US$150 million within the next three years. The pact is expected to boost demand across a wide range of product categories, including gold, diamond, silver, platinum and studded jewellery.

As one of the first companies to utilise the new trade framework, Kama Jewelry’s inaugural shipment highlights the industry’s preparedness to capitalise on the advantages offered by the CEPA and strengthen its footprint in the Middle East.

The development also underscores Oman’s growing role as a strategic hub for Indian exporters targeting the broader Gulf Cooperation Council (GCC) region, Africa and neighbouring markets. Industry stakeholders believe the agreement will deepen bilateral trade ties and create new pathways for sustained growth in the gem and jewellery industry.