National News
Experience World-Class Jewellery at Joyalukkas Anantapur Showroom
Joyalukkas, the world’s favourite jeweller, marked a significant milestone in its expansion journey with the grand inauguration of its second showroom in Anantapur on 11th April 2025. The opening celebration was inaugurated by Ms. Palle Sindhura Reddy (MLA-Puttaparthi) in the presence of Mr. Joy Alukkas (CMD, Joyalukkas Group), Mr. Antony Jos (Executive Director, Joyalukkas), Mr. Thomas Mathew (Executive Director, Joyalukkas), Mr. Henry George (COO, Joyalukkas) and our esteemed customers along with other dignitaries.
The new showroom boasts international standard decor, expansive facilities and a commitment to delivering incomparable customer service, in addition to hosting an impressive array of award-winning multi-brand jewellery collections meticulously curated for discerning tastes. Shoppers are taking home an assured free gift with every purchase, adding to the magic of the joyous occasion.
From traditional to contemporary styles, Joyalukkas caters to every occasion and preference. Brands showcased include Anugraha Temple Jewellery, Pride Diamonds, Eleganza Polki Diamonds, Yuva Everyday Jewellery, Apurva Antique Collection and Ratna Precious Stone Jewellery. Furthermore, the latest designs of 2025 in gold and diamonds are also showcased, which are sure to be an irresistible draw to all jewellery enthusiasts.
Joy Alukkas, Chairman and MD of Joyalukkas Group, expressed his thoughts on the new opening “We are delighted to open our latest showroom in Anantapur. This expansion allows us to bring our world-class jewellery and exceptional service closer to our valued customers. Each new showroom is a step towards our vision of ornamenting the world, made possible by the unwavering support of our loyal customers. We warmly invite everyone to visit and experience the joy of jewellery shopping at Joyalukkas.”
The Anantapur showroom is now open to the public, inviting everyone to experience the brilliance and grandeur that Joyalukkas is renowned for. Visit us today and indulge in the finest jewellery selections with the promise of superior service and unmatched quality.
National News
India-Oman CEPA: Opening Fresh Opportunities For GJ Sector
0% Customs Duty On Indian Gem & Jewellery Imports Into Oman, Enhancing Competitiveness.
The India-Oman Comprehensive Economic Partnership Agreement (CEPA) has come into force on 1 June 2026, ushering in a new phase in bilateral trade relations and creating fresh export opportunities across sectors including gems and jewellery, engineering goods, textiles, agriculture, pharmaceuticals and services.
Signed on 18 December 2025 following negotiations launched in November 2023, the agreement grants India duty-free market access across 98.08% of Oman’s tariff lines, covering 99.38% of the value of India’s exports to the Gulf nation. Bilateral merchandise trade between India and Oman stood at USD 11.18 billion in FY2025-26, up from USD 10.61 billion a year earlier.
Positioned as a gateway to the GCC, Middle East and East Africa, Oman is expected to play a larger role in India’s export strategy under the pact. Speaking at the operationalisation ceremony, Hon’ble Commerce & Industry Minister Shri Piyush Goyal said the agreement deepens economic ties with “one of our most trusted partners in the Middle East” and urged exporters to seize the opportunity created by the new duty-free window.
For the gem and jewellery industry, the CEPA delivers immediate gains. Duties on Indian gem and jewellery products entering Oman, previously as high as 5%, have been eliminated, improving the competitiveness of cut and polished diamonds, gold and silver jewellery, while opening additional opportunities in platinum and imitation jewellery.
Kirit Bhansali -Chairman, 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 USD 35 million to around USD 150 million over the next three years.”
Key Gains for the Gem & Jewellery Industry
- Duty-Free Market Access: 0% customs duty on Indian gem & jewellery imports into Oman, enhancing competitiveness.
- Export Growth Potential: Exports expected to increase from USD 35 million to USD 150 million over the next three years.
- Stronger Bilateral Trade: Encourages direct sourcing, deeper business partnerships, and increased investment between India and Oman.
- Boost to Manufacturing & Exports: Supports Make in India through value-added manufacturing and growth in polished diamonds, gold, silver, platinum, and imitation jewellery.
- Gateway to Regional Markets: Enhances access to the GCC, Africa, and neighbouring markets through Oman’s strategic location and trade connectivity.
India-Oman CEPA: Opening Fresh Opportunities For GJ Sector
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