Diamonds are a girl's best friend and at a time when gold prices are hovering at record highs, gems and jewellery business is proving to be a good alternative. In India's gems and jewellery industry, business along with exports, is showing good growth due to rising demand. While overall exports have clocked a growth of around 23 per cent as compared to last year, gold jewellery specifically seems to have shown a decline of around 6 per cent.