(gjepc.org) - India, and its population of 1.4 billion people, currently represents 15-20% of global jewellery demand, excluding bullion, and 5-10% of global diamond jewellery demand specifically, according to Paul Zimnisky estimates. Notably, diamonds are expected to play larger a role is India’s consumer market going forward. Zimnisky estimates that at current growth rates, India and China combined could outpace the US in terms of global diamond jewellery sales by next decade – including both natural and man-made stones.
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