Hellenic (anag) — heavy material made into bedspreads and rugs (8)

I believe the answer is:

chenille

(Other definitions for chenille that I've seen before include "'Soft, shiny, velvety material (8)'" , "Soft, velvety fabric" , "Tufted velvety cord or yarn" , "Fabric with long velvety pile of Hellenic sort" , "Hellenic (anag) - material" .)

I've seen this clue in The Guardian.

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