New Delhi, May 22 -- India's diamond market, which is estimated at under $10 billion currently, is likely to double in five years on rising demand in Asia's third-largest economy, global chief executive officer (CEO) of De Beers Group Al Cook said on Thursday.

De Beers Group is a South African-British company that specializes in all aspects of the diamond industry, including mining, trading, retail andmanufacturing.

"In India, we have seen double-digit growth for the last few years. And we actually see natural diamond demand in India doubling over the next five years," Cook, who is on his inaugural visit to India, saidat a press conference in Mumbai.

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