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is set to grow by 100 per cent over the next two years, industry experts are predicting. Insiders believe that an increase in demand for diamonds, both domestically and from China, the US and UAE, means India is seeing a boost in value of its polished gemstones. Chandrakant Sanghavi, regional director of India’s Gems and Jewellery Export Promotion Council, confirmed that there has been a “phenomenal growth” in the state’s diamond sector following 2008’s global recession.
