Word: rajasthan
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...years ago, De Taillac struck a deal with Munnu Kasliwal, one of three brothers and two cousins who own and run Gem Palace, a gem wholesaler and retailer with specialized cutting and polishing workshops around town. The Kasliwals have parlayed a privileged relationship with the royal families of Rajasthan going back generations into an international following of wealthy jewelry junkies who go for Munnu's unusual pieces (a gold bird perched on a ring, pecking a dangling diamond briolette) and swear by Gem Palace's quality and old-fashioned cuts. The emporium in Jaipur has an Old World feel...
Jaipur, capital of the colorful Rajasthan state, is the world's largest and most diversified center for cutting and polishing colored gemstones. Last year India imported $83 million worth of colored gemstones and exported $193 million in finished stones, according to the country's Gem & Jewellery Export Promotion Council. And 55% of the world's diamond supply in value terms (85% of volume) is processed in India and traded in Bombay, now known as Mumbai...
...there's still a long way to go. Aside from the architecture, for now there is little to amuse visitors in this scorching desert. And while the royal families of Rajasthan adroitly revived their state by carving tourist trails between their exquisite forts and palaces, it remains to be seen if the Nagarathars can do the same. They have the raw material. What's needed now is the mercantile hunger of their forebears...
Gambling lore is filled with tales of the lucky novice who walks into a casino and breaks the bank. This year it really happened. The fortunate neophyte is Vikrant Bhargava, who is from Rajasthan, India, and admits that he had never set foot in a casino until recently and still isn't all that fond of gambling. But in a single day in June, he and two colleagues walked away with the poker purse of all time: more than $1 billion in cash...
...DIED. RAJA RAMANNA, 79, scientist regarded as the father of India's nuclear-weapons program; in Bombay. Ramanna was head of Bombay's Bhabha Atomic Research Center in 1974 when the facility designed and detonated the country's first nuclear device in the Rajasthan desert; he was later appointed scientific adviser to the Defense Ministry and head of the Department of Atomic Energy. A skilled pianist and author of a book on music theory, he once reportedly declined an offer from Saddam Hussein to help Iraq develop its own nuclear program...