GJ Town India

Diamond Out look FY 2009-10 Nayan Jani This is an outlook for GJ Industry for the FY 2009-10. What we know today is blowing global crisis & not only GJ industry but also global financial system is in a hot water! Global leaders are exercising brainstorming to regularize global financial & trade-n-commerce system. Every industry, related sectors & associates, including players are exercising to keep their company fit by learning the theory of survival - ‘survival of the fittest.’ By every means they wanted to see that they are beyond the crisis reach. Yet never know how long this crisis will last! Well let’s focus on GJ industry scenario. Diamond: To conclude our outlook for the fresh FY let’s think diamond pipeline rough to retail right now that by passing through three views: 1: In a cover story, ‘Crisis: Strategies & policies’ what I inked in the month of January- the last JNI issue said this on going crisis would last even in the year 2010, “That’s what

“People like festivity !” Nayan Jani The world’s most ancient yet authoritative literature of civilization VEDA says: “People like festivity.” I learned, buyer like festivity. Recently Shri C. Vinod Hayagriv Chaired the GJF. During the media interaction he wishes to extend more jewellery buying occasions along with GJF-Lucky Laxmi: the successful story. Mr Vinod aspired to clutch ‘India Jewellery Week’ across the nation within the year or two. Until inked moral is two words, 1: Jewellery buying occasions & 2: Festivity. Let’s underline both the context. 1: Jewellery buying occasions: Recently the WGC recognized about 86 pan-nation-n-regional occasions that would promote sales. Until such revelation the WGC carried about nine occasions for their promotional mission. They concluded, ‘one in every four days will be treated as an auspicious occasion to buy gold.’ 2: Festivity: De facto this vital part that buyer like festivity! There were no as many occasions or festivals or celebrati

Strategic supremacy: Nayan Jani What we are facing is not only a global financial turmoil that is now likely to enter in to a battle & sooner will be a war to attain strategic supremacy! With the available ut- most fact-n- figures I estimated & encompassed, the on going crisis that could get extended until 2010 end, in my cover story: ‘ Crisis: Strategies & Policies’ in the month of January’09. Before the Crisis story I had been put the US under my perusal since 2003 while I inked in July: ‘US: a bubble like economy’ & that led me to ink full story, ‘US: a bubble like economy Dollar impending burst!’ in the May 2008. Perhaps, what I did not ink & kept under my further analysis is now looking true, de facto this is a war to hit on strategic supremacy at all fronts – nations to nations, industry to industry & players – players. Financial Paradox: Now this is the financial

Nosh-up Jewellery brands @ home Nayan Jani Serious global slowdown : Recently the IMF released its WEO (World Economic Outlook) - The October 2008 report. That said, global slow down amid most dangerous financial crunch since 1930s has been arrived that will pip growth in many developed economies until mid- 2009. It also will effect upon a growth rate of fastest developing economies! The projected global growth is just 3% for the year 2009 & that is about 40% lower than the year 2007. The growth rate of the US that was of 2% in 2007 is projected for the year 2009 by the IMF is just 0.1%, equally Euro Area collectively is projected 0.2% for the year 2009 that was of 2.6% in 2007! Out of these Euro Player nations Spain, Germany, Italy and also the UK could register a negative growth rate. Emerging Economies & India: Accordingly emerging & developing economies including BRIC nation’s economy

Today resource rich African nations have realized & said that the India is our age-old-staunch partner! That may be learned from China or else makes no difference, ground reality is that India could manage a ‘state-led-delegation’ to deal Africa. That was April 26-27, 2007-the GJEPC organized the second international diamond conference, ‘Mines to Market’. I derived my conclusion that an aggressive attempt has been taken by the GJ industry to source rough directly form mines. Equally, Jairam Ramesh, union state minister for commerce said that India is thinking to propose umbrella partnership to set long term relations with Africa! Here notable view is a wish to propose an umbrella partnership or to manage a ‘State-led-delegation!’ Since long not only the GJ industry but also other industries were trying to tap natural resources that could be a raw material for India from African nations. And such sourcing was not effective because any single industry could not manage African nation

I wish Mumbai blasts, the last in India! Nayan Jani Political Vacuum: However the swift measures has been taken post Mumbai blast by the government is too late & yet half. And the taken procedures are right in a way although that may be a part of the strategic planning that done in the year 1971 for the neighbouring country. De facto, entire the existing political fraternities pushed down in the dumps & tuned stunned, just depressed, ‘if not we then a uniform will rule India?’ like statements made public! This shows a political vacuum in the India where, politicians-in- general are of no caliber, moral, character & of no accountability! Since 1966, they have learned just two lessons from the charismatic mother of corruption India, 1: how to fool people & reached out to power, & 2: be corrupt, made corrupt all. Developed entire systems that compel every bureaucrat to go only corrupt way else...Well developed public servants especially at