Indian buyers shift from gold to premium gemstones as prices climb

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Demand for premium coloured gemstones is rising in India as buyers increasingly favour them over gold. The shift is pushing prices higher, with rare Paraiba tourmalines selling for around Rs 5 lakh per carat. Interest is strongest among high-net-worth buyers in Mumbai, followed by customers in Delhi and South India. The trend reflects a growing preference for rare stones as a premium purchase. The article reports sales figures showing a notable jump in gemstone purchases.

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