The India–Oman Comprehensive Economic Partnership Agreement (CEPA), which removes customs duty on Indian gems and jewellery entering Oman, is expected to strengthen bilateral trade and expand export opportunities, according to the Gem & Jewellery Export Promotion Council (GJEPC).

India’s gem and jewellery exports to Oman currently stand at $ 35 million as of 2024. With duty-free market access under the CEPA, GJEPC estimates exports could increase to $ 150 million over the next three years. The projected growth is attributed to improved price competitiveness, broader product availability, and stronger direct trade linkages.

Kirit Bhansali of GJEPC said, “The India–Oman CEPA is a key enabler for strengthening direct trade ties and expanding India’s gem and jewellery exports to Oman. Zero duty access will significantly improve competitiveness for Indian exporters and encourage direct sourcing. We see strong growth opportunities for polished diamonds and gold jewellery, along with emerging demand for silver, platinum and imitation jewellery. With this framework, exports to Oman can scale from $ 35 million to around $ 150 million over the next three years.”

India is currently Oman’s largest supplier of gold jewellery, particularly 22-carat wedding and traditional designs. Exports in this category recorded growth of 80.11% during 2024–25.

The CEPA is also expected to support manufacturing and design collaboration under the Make in India initiative. Oman’s traditional silver jewellery expertise, combined with India’s manufacturing scale and skilled workforce, is expected to create opportunities for joint product development and value-added production.