(4) "These stories point to a couple of outstanding characteristics. Most fundamentally, those Gujaratis who turn to business say that they are constitutionally unsuited to working for other people. For them, the best way to work for yourself is to run your own business, 'to take your destiny in your hands,' as Russell Mehta, the head of Rosy Blue, a large diamond processor, puts it."
(a) Nidhi Nath Srinivas and Sutanuka Ghosal, Meet India's Six Diamond Kings: Nirav Modi, Mavji Bhai Patel, Mehul Choksi, Dharmesh Shah, Ashok Gajera & Russell Mehta. Economic Times, Feb 5, 2013, at page 3 of 3.
articles.economictimes.indiatimes.com/2013-02-05/news/36764632_1_nirav-modi-nirav-modi-diamonds-and-jewellery/3
(b) The Indian surname Mehta (can be Hindu, Jain, Parsi or Sikh) means " 'chief' in several modern Indian languages, from Sanskrit mahita 'praised,' 'great' (from mah- 'to praise or magnify'). Dictionary of American Family Names, by Oxford University Press
(c) The Economic Times
https://en.wikipedia.org/wiki/The_Economic_Times
(an English-language daily; first published in 1961; Headquarters Bombay; Circulation 405,940 Daily (as of December 2013); is the world's second-most widely read English-language business newspaper, after the Wall Street Journal)
(5) "For many Gujaratis the point of acquiring knowledge is to attain practical goals, particularly business goals. The Gujarati word vediyo, meaning a person who studies the Vedas, the ancient Sanskrit texts that constitute the oldest scriptures of Hinduism, has come to mean a 'learned fool.' Ethnic-Indian Americans have applied their practical knowledge to Silicon Valley; they are responsible for about a quarter of all startups there, and a quarter of those are thought to be Gujarati.
(6) "Around the globe, they have come to wield huge influence in the diamond business. An impressive 90% of the world’s rough diamonds are cut and polished in the Gujarati city of Surat, a business worth about $13 billion a year, and Indians, predominantly Gujaratis, control almost three-quarters of Antwerp’s diamond industry. Like the motel owners, the great majority of diamond processors come from just one community, almost all of them tracing their origins back to one otherwise-obscure city in the north of Gujarat state called Palanpur."
(a) Surat
https://en.wikipedia.org/wiki/Surat
(a city of 4.6 million; By 1520, the name of the city was Surat -- prior to that, ‘Suryapūr (City of the Sun)’ )
(b) Antwerp
https://en.wikipedia.org/wiki/Antwerp
(a city with population of 510,610 (as of Jan 1, 2014); The Jain [a religion, here not the last name, though some believers of Jain religion are surnamed Jain] community in Antwerp is mostly involved in the very lucrative diamond business; section 6 Economy)
Section 6 Economy states, "According to the American Association of Port Authorities (AAPA), the port of Antwerp was the seventeenth largest (by tonnage) port in the world in 2005 and second only to Rotterdam in Europe" -- ahead of Hamburg and Kaohsiung (Taiwan), in that order.
However, World Shipping Council places Hamburg on top of Antwerp -- and Kaohsiung right above Hamburg.
(c) Palanpur
https://en.wikipedia.org/wiki/Palanpur
(section 1 Etymology; The diamond polishing and evaluation industry across India and abroad is dominated by Palanpuri Jain diaspora) |