As you know that Japan struggling with the earthquake and a tsunami, Jewelers exporters here are expecting a hit in their business since the east Asian nation is the second largest importer of jeweler and precious stones from the Pink City.
Nirmal Bardiya, a precious stone exporter to Japan, said, "Though the tsunami has not hit major centres, disturbances will delay transactions and businessmen in the state will suffer.
Though the main import centre’s for the jewelers are located in Tokyo and Kofu, nearly 400 km away from the north-east coast, the epicenter of the trembler, the city exporters are worried about the crash of Japan's economy and the purchasing power of the country.
"Definitely the precious stone and gold business will be affected. It will be evident at the jeweler show taking place in Basel, Switzerland. And I doubt that the amount Japanese buyers purchase every year will be the same this year," Ajay Roa, a diamond exporter here, said. "I export to the United States too. After the World Trade Centre tragedy, many purchasers refused to return the payable amount stating that they lost everything. I am expecting the same thing again," he said expressing his doubts over receiving payments on time.
"Japan has fought back such calamities before, I am hoping that nothing bad will befall us." Many jewellery exporters were, however, not as optimistic, and expressed sorrow for the natural disaster. Vijay Singh, an exporter, said, "Business is not above human sufferings. However large my dues are in Japan, I cannot ask money from them at this time."
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