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India-Oman CEPA to fuel sharp rise in India’s gems & jewellery exports: GJEPC
Dec-19-2025

The Gem and Jewellery Export Promotion Council (GJEPC) has said that the Comprehensive Economic Partnership Agreement (CEPA) signed between India and Oman is likely to propel India's gem and jewellery exports to Oman from $35 million in 2024 to an estimated $150 million over the next three years, driven by improved price competitiveness, expanded product offerings, and deeper industry collaboration.   

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. It said India already holds the position of Oman's largest supplier of gold jewellery, particularly 22-carat wedding and traditional designs, with exports registering a robust growth of 80.11 per cent in 2024-25, underscoring deep trust in Indian craftsmanship.  

GJEPC chairman Kirit Bhansali said ‘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.’ He added that with Oman's strategic location and stable business environment, the CEPA also positions the country as a potential gateway for Indian jewellery exports to the GCC, Africa and neighbouring regions.


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