# # #
Diamond to the East
Mr. Ushioda Michio of The Mainichi Newspapers saw the film "Blood Diamond" and wrote some comment in the Japanese newspaper:
- The total amount of business on diamond worldwide is 26 billion dollars.
- Two thirds of the diamond transactions are now carried out in India.
- Once the world No.1 diamond business center was Antwerp, but now is Surat in West India.
- Following Surat are Tel Aviv, Singapore, and Antwerp in terms of diamond transactions.
Mr. Ushioda got the above information from Mr. Aftab Seth, the former Indian Ambassador to Japan.
Mr. Ushioda's concern is however on the features of a bubble the Indian economy is now taking on, with 40% or so yearly rise in land prices in Mumbai and Bangalore.
Japan has purchased almost 50% of all investment trusts issued for India.
Diamond to the East
Mr. Ushioda Michio of The Mainichi Newspapers saw the film "Blood Diamond" and wrote some comment in the Japanese newspaper:
- The total amount of business on diamond worldwide is 26 billion dollars.
- Two thirds of the diamond transactions are now carried out in India.
- Once the world No.1 diamond business center was Antwerp, but now is Surat in West India.
- Following Surat are Tel Aviv, Singapore, and Antwerp in terms of diamond transactions.
Mr. Ushioda got the above information from Mr. Aftab Seth, the former Indian Ambassador to Japan.
Mr. Ushioda's concern is however on the features of a bubble the Indian economy is now taking on, with 40% or so yearly rise in land prices in Mumbai and Bangalore.
Japan has purchased almost 50% of all investment trusts issued for India.
Therefore his main worry is about influence on Japan of possible troubles in the Indian Economy that is expected to grow this year by 9%.
* * *
As I once mentioned, what is necessary in India is electricity in poor villages and families which constitute the majority of the Indian population.
However, the shift of the center of diamond business implies something important: the gravity center of the world economy is moving toward the east.
In the great Asian region from Persian Gulf States to India, China, and Japan, a great potential of economic and social development lies, though challenge can be still bloody and uphill, with terror, great disasters, social and political corruption, nuclear crisis, and wars going on and feared.
However if terror, great disasters, social and political corruption, nuclear crisis, and wars are all solved and addressed, the whole region can be prosperous without intervention by Europe.
The economic power of the whole region combined will surpass that of Europe.
It may be "dream come true" for Asians who have been put under Europeans for centuries.
* * *
Of course, there is still a great lead of Europe against Asia in terms of advanced technology, science, economics, and various modern systems in society and administration.
Therefore, whether this dream comes true or not depends on young Asians who are now studying and working in various advanced fields in Europe or America.
They have to come back to their home countries to make this Asian dream come true.
Diamond business will become only a very small example of success in future, if they properly take on the issue.
* * *
Or should I say that Asians should continue to be put under Europeans for one more century?
Truly I will have to talk about Judaism, Christianity, and Islam in addition to history for the peace of whole mankind including Asians, Europeans, and European Americans as well as Japanese.
(Diamond has made what Alexander the Great could not; you had better try East with courage.
And, whose diamond will the sun be?
Yet, the ideal diamond may be of a transparent kind like an Angel.)
"Marana Tha - Our Lord, Come!"