Believe in Japan, It Believes in ItselfMarch 17, 11
It's heart breaking to see what is happening in
As always, there are those that see the short-term hardship and believe it to be the be all and end all. Diamond industry observers that expect diamond trade with
That may be the case in the short term, but not beyond.
Historically, the Japanese people have always risen from hardships. It's ingrained in the culture. The Japanese central bank has already injected some $281 billion and the interest rate will likely remain low, providing further incentives to borrow and rebuild.
The nation, and its people, are financially sound, with one of the highest personal savings ratios in the world. The recovery projects to rebuild housing, restore infrastructure and construct new energy facilities, infusing new money into the economic system that will trickle into people’s pockets.
An RBC research comment claims that, "diamond demand in
We are far more expressive of our feelings when faced with death and fear, which completely reshuffles our concerns and priorities, putting family and friends ahead of most everything else. The 9/11 attacks are a prime example. More people propose, marry and act more generously with each other, as a result, diamond sales will grow.
In recent months,
The 2011 Holiday Season may seem far away for many in
If you want to support
May this be a peaceful weekend.