Wonder Jewels’ first gold jewellery shipment from Kolkata to Oman under the India-Oman CEPA was dispatched

The first shipment of gold jewellery from Kolkata to Oman under the India-Oman Comprehensive Economic Partnership Agreement (CEPA) was dispatched on 11 June, amid the Middle East crisis. The Kolkata-based jewellery manufacturer Wonder Jewels exported the maiden consignment via air cargo. This marked the commencement of direct duty-free exports from eastern India to the Gulf nation. 

The shipment comes days after the India-Oman CEPA came into force on June 1, providing duty-free access for Indian gold jewellery and diamonds in the Omani market and enhancing the competitiveness of Indian exporters.

Industry estimates suggest India’s gems and jewellery exports to Oman, currently valued at around USD 35 million, including nearly USD 10 million worth of gold jewellery, could increase to about USD 150 million over the next three years on the back of improved market access and rising demand for Indian jewellery.