Key facts
- The first duty-free gold jewellery shipment from Kolkata to Oman under the India-Oman CEPA has been dispatched.
- The shipment was exported by Wonder Jewels, a Kolkata-based manufacturer.
- The India-Oman CEPA, effective June 1, 2026, provides duty-free access for Indian gold jewellery and diamonds in Oman.
- Current Indian exports of gems and jewellery to Oman total approximately $35 million, including $10 million in gold jewellery.
- Industry estimates project exports to Oman could increase to nearly $150 million in the next three years.
The first shipment of gold jewellery from Kolkata to Oman under the India-Oman Comprehensive Economic Partnership Agreement (CEPA) was dispatched on Thursday. This marks the commencement of direct duty-free exports from Eastern India to the Sultanate of Oman, facilitated by the agreement which came into force on June 1, 2026.
The India-Oman CEPA provides duty-free access for Indian gold jewellery and diamonds in the Omani market, aiming to enhance competitiveness and create new opportunities for exporters. The agreement is expected to strengthen direct trade links and reduce reliance on intermediary trade routes.
Oman is considered a promising destination for Indian gems and jewellery exports. Current exports to Oman stand at approximately $35 million, including about $10 million in gold jewellery. Industry estimates suggest that these exports could increase to nearly $150 million over the next three years due to improved market access and growing demand.
Kirit Bhansali, Chairman of the Gem & Jewellery Export Promotion Council (GJEPC), noted the positive impact of previous trade agreements, such as the India-UAE CEPA and India-Australia ECTA, on expanding market access. He highlighted the resilience of the gems and jewellery sector, which achieved nearly $28 billion in exports during FY 2025-26 despite geopolitical uncertainties.
Pankaj Parekh, Regional Chairman, Eastern Region, GJEPC, emphasized the growing role of Eastern India in the export ecosystem. He stated that direct duty-free access to the Omani market eliminates the need for costly routing through the UAE, making Indian jewellery more competitive and enabling faster deliveries. This development is expected to encourage more companies from the region to explore Oman and the broader Gulf market.