The shipment was cleared from the Precious Cargo Customs Clearance Centre at Bharat Diamond Bourse (BDB), Mumbai, in the presence of customs officials and industry representatives.
Under the India–UK FTA, nearly 99% of goods exported from India to the UK, including gems and jewellery products, will receive duty-free access. The agreement is expected to reduce export costs, simplify trade processes and improve market access for Indian jewellery exporters.
Malabar Gold & Diamonds, the world’s fourth-largest jewellery retailer, operates 445+ stores across 14 countries. The company currently has four stores in the UK located in Birmingham, Leicester and London (Green Street and Southall).
M.P Ahammad, Chairman of Malabar Group, said the first shipment under the FTA marks an important milestone for the company and the Indian jewellery industry. He highlighted that the agreement will support smoother supply chains, increased export opportunities and improved competitiveness for Indian jewellery in the UK market.
Mohammed Ziad, Head of UK & Europe Operations at Malabar Gold & Diamonds, stated that the FTA will support the company’s UK expansion plans. The brand is planning further growth with a new store in Manchester, additional expansion in London, and future entry into markets such as France and Ireland.
The India–UK FTA is expected to create new opportunities for Indian jewellery manufacturers and retailers by improving access to the UK market and strengthening bilateral trade between the
two countries.
