The Valuation and Investment Merits of Diamonds

The Valuation and Investment Merits of Diamonds

by Sarkis Khoury

Hardcover

$64.00
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Overview

This is the first book which deals with the economics of diamonds, specifically with the determinants of diamond prices. The period of analysis, 1978-1983, was chosen in order to shed light on the dramatic drop in diamond prices. The dominant variables causing this drop were the varying price of gold and fluctuating interest rates. Khoury helps the investor in making long-range decisions about investing in diamonds and deciding on the form the investment should take. He warns of the importance to understand the sensitivities of the market and the factors which must be taken into consideration before commitments to an investment in diamonds are made.

The book includes: a quick review of the characteristics of diamonds, the financial performance of DeBeers in a declining market, the economic structure of the diamond industry, the method for exercising economic control over the diamond market, the economic variables influencing diamond prices, and the modeling of diamond prices and the testing of the model using advanced statistical methods.

Product Details

ISBN-13: 9780899304564
Publisher: ABC-CLIO, Incorporated
Publication date: 03/26/1990
Series: Contributions in Political Science
Pages: 184
Product dimensions: 6.32(w) x 9.48(h) x 0.80(d)
Lexile: 1390L (what's this?)

About the Author

SARKIS J. KHOURY is Professor of Finance at the University of California, Riverside. He has conducted several seminars on banking, financial planning, and international finance. Khoury has written thirteen books dealing with international finance, speculative markets, international banking, investments, and mathematics of finance and numerous articles, some of which were published in leading journals in the United States.

Table of Contents

Preface

Diamonds—A Historical and Technical Perspective

DeBeers: The Brilliant Octopus

Diamonds as an Investment

The Changing Economic and Market Environment: Impact on Diamond Prices

The Determinants of Diamond Prices

Investment Recommendations and Conclusions

Glossary of Terms Commonly Used in the Diamond Industry

Bibliography

Index

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