The valuation and investment merits of diamonds:
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
New York [u.a.]
Quorum Books
1990
|
| Ausgabe: | 1. publ. |
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | XIII, 167 S. graph. Darst. |
| ISBN: | 0899304567 |
Internformat
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| 245 | 1 | 0 | |a The valuation and investment merits of diamonds |c Sarkis J. Khoury |
| 250 | |a 1. publ. | ||
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Datensatz im Suchindex
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|---|---|
| adam_text | Contents
Tables and Figures vii
Preface xi
Acknowledgments xiii
1 Diamonds: A Historical and Technical Perspective 1
2 DeBeers: The Brilliant Octopus 35
3 Diamonds as an Investment 63
4 The Changing Economic and Market Environment: Impact on Dia¬
mond Prices 79
5 The Determinants of Diamond Prices 109
6 Investment Recommendations and Conclusions 141
Glossary of Terms Commonly Used in the Diamond Industry 153
Bibliography 157
Index 165
v
Tables and Figures
TABLES
1.1 Famous Diamonds 5
1.2 Diamond (Natural): World Production by Country 12
1.3 DeBeers s Diamond Production and Yield 14
1.4 World Mine Production of Industrial and Gemstone Diamonds 16
1.5a Clarity of Diamonds 29
1.5b Color of Diamonds 30
2.1 DeBeers s Rules 41
2.2 DeBeers Financial Information 48
2.3 Financial Statistics, 1978 1987, of DeBeers Consolidated Mines,
Ltd. 52
2.4 Balance Sheets, December 31, 1987, of DeBeers Consolidated
Mines, Ltd. 54
2.5 Zale Corporation Financial Information 58
2.6 Lazare Kaplan International, Inc. Financial Information 60
3.1 Dealer Prices for 1 Carat, D Flawless Diamonds 1976 1980 64
3.2a Relative Performance of Various Investment Vehicles 70
3.2b Relative Performance of Various Investment Vehicles 70
3.3 Portfolio Strategies 73
4.1 Federal Government Surplus and Federal Debt Subject to Statuto¬
ry Limit 91
vii
viii Tables and Figures
4.2 Exchange Rate Indexes of U.S. Dollar 92
4.3 A Table of Political Economy 98
4.4 Episodes of Large Forecast Errors 104
4.5 Interest Rate Forecast Analysis 106
5.1 Raw Price and Rate Data, 1978 1983 125
5.2 Monthly Return Data, 1978 1983 126
5.3 Monthly Log Ratios, 1978 1983 127
5.4 Raw Price and Rate Data, 1978 1983: Pearson Correlation
Matrix 128
5.5 Monthly Returns Data, 1978 1983: Pearson Correlation Data 129
5.6 Monthly Log Ratios, 1978 1983: Pearson Correlation Matrix 130
5.7 Auto and Partial Correlations of Prices 133
5.8 Auto and Partial Correlations of Returns 134
5.9 Descriptive Regressions 138
5.10 Predictive Regressions I 139
6.1 Performance of Australian Diamond Shares in 1987 146
6.2 Indices and Forecasts of Dollar Prices on the Antwerp Market
1975 1995 150
FIGURES
1.1 Physical Properties of Diamond 3
1.2 Distribution of the Diamond Market 18
1.3 Structure of Industrial Diamond Segment 22
1.4 The Ideal Brilliant Cut and Johnson and Rosch Proportions 23
1.5 Round Brilliant Cut 25
1.6a Emerald and Step Cuts and Cuts for Small Stones 26
1.6b Rose Cuts and Some Variations of the Brilliant Cut 27
1.6c Development of the Brilliant or Full Cut 28
1.7 A Sample GIA Diamond Grading Report 33
2.1 The Supply of Investment Quality Diamonds 42
2.2 Normal Channels from DeBeers to Buyer 44
2.3 Acid Test Ratio for DeBeers Consolidated, Ltd. 51
3.1 Diamonds Versus Gold, Stocks, and Other Indices 67
3.2 The Performance of Different Assets, 1967 1980 68
3.3 Median Gem Prices, 1978 1983 69
Tables and Figures ix
3.4 Stock, Bond, DM, Gold and Diamond Returns, 1981 1988 71
3.5 Efficiency Frontiers of Different Portfolio Constructs 74
4.1 U.S. Diamond Imports in Carats and Dollars, 1980 1982 84
4.2 Consumer Price Index 86
4.3 Monthly Changes in Ml, 1975 1984 87
4.4 Interest Rates, 1975 1984 89
4.5 The Velocity of Money 90
4.6 The Laffer Curve 96
4.7 Prime Rate, 1979 1984 101
5.1 Profit Maximizing Monopolist 111
5.2 Profit Maximizing Monopolist Relative to Free Competition 112
5.3 Two Period Monopolist Model 118
5.4 Monthly Returns, 1978 1983 (Compared to stock market) 122
5.5 Monthly Returns, 1978 1983 (Compared to T Bill, T Bond, and
Gold) 123
6.1 Diamond Returns, 1981 1988 143
|
| adam_txt |
Contents
Tables and Figures vii
Preface xi
Acknowledgments xiii
1 Diamonds: A Historical and Technical Perspective 1
2 DeBeers: The Brilliant Octopus 35
3 Diamonds as an Investment 63
4 The Changing Economic and Market Environment: Impact on Dia¬
mond Prices 79
5 The Determinants of Diamond Prices 109
6 Investment Recommendations and Conclusions 141
Glossary of Terms Commonly Used in the Diamond Industry 153
Bibliography 157
Index 165
v
Tables and Figures
TABLES
1.1 Famous Diamonds 5
1.2 Diamond (Natural): World Production by Country 12
1.3 DeBeers's Diamond Production and Yield 14
1.4 World Mine Production of Industrial and Gemstone Diamonds 16
1.5a Clarity of Diamonds 29
1.5b Color of Diamonds 30
2.1 DeBeers's Rules 41
2.2 DeBeers Financial Information 48
2.3 Financial Statistics, 1978 1987, of DeBeers Consolidated Mines,
Ltd. 52
2.4 Balance Sheets, December 31, 1987, of DeBeers Consolidated
Mines, Ltd. 54
2.5 Zale Corporation Financial Information 58
2.6 Lazare Kaplan International, Inc. Financial Information 60
3.1 Dealer Prices for 1 Carat, D Flawless Diamonds 1976 1980 64
3.2a Relative Performance of Various Investment Vehicles 70
3.2b Relative Performance of Various Investment Vehicles 70
3.3 Portfolio Strategies 73
4.1 Federal Government Surplus and Federal Debt Subject to Statuto¬
ry Limit 91
vii
viii Tables and Figures
4.2 Exchange Rate Indexes of U.S. Dollar 92
4.3 A Table of Political Economy 98
4.4 Episodes of "Large" Forecast Errors 104
4.5 Interest Rate Forecast Analysis 106
5.1 Raw Price and Rate Data, 1978 1983 125
5.2 Monthly Return Data, 1978 1983 126
5.3 Monthly Log Ratios, 1978 1983 127
5.4 Raw Price and Rate Data, 1978 1983: Pearson Correlation
Matrix 128
5.5 Monthly Returns Data, 1978 1983: Pearson Correlation Data 129
5.6 Monthly Log Ratios, 1978 1983: Pearson Correlation Matrix 130
5.7 Auto and Partial Correlations of Prices 133
5.8 Auto and Partial Correlations of Returns 134
5.9 Descriptive Regressions 138
5.10 Predictive Regressions I 139
6.1 Performance of Australian Diamond Shares in 1987 146
6.2 Indices and Forecasts of Dollar Prices on the Antwerp Market
1975 1995 150
FIGURES
1.1 Physical Properties of Diamond 3
1.2 Distribution of the Diamond Market 18
1.3 Structure of Industrial Diamond Segment 22
1.4 The Ideal Brilliant Cut and Johnson and Rosch Proportions 23
1.5 Round Brilliant Cut 25
1.6a Emerald and Step Cuts and Cuts for Small Stones 26
1.6b Rose Cuts and Some Variations of the Brilliant Cut 27
1.6c Development of the Brilliant or Full Cut 28
1.7 A Sample GIA Diamond Grading Report 33
2.1 The Supply of Investment Quality Diamonds 42
2.2 Normal Channels from DeBeers to Buyer 44
2.3 Acid Test Ratio for DeBeers Consolidated, Ltd. 51
3.1 Diamonds Versus Gold, Stocks, and Other Indices 67
3.2 The Performance of Different Assets, 1967 1980 68
3.3 Median Gem Prices, 1978 1983 69
Tables and Figures ix
3.4 Stock, Bond, DM, Gold and Diamond Returns, 1981 1988 71
3.5 Efficiency Frontiers of Different Portfolio Constructs 74
4.1 U.S. Diamond Imports in Carats and Dollars, 1980 1982 84
4.2 Consumer Price Index 86
4.3 Monthly Changes in Ml, 1975 1984 87
4.4 Interest Rates, 1975 1984 89
4.5 The Velocity of Money 90
4.6 The Laffer Curve 96
4.7 Prime Rate, 1979 1984 101
5.1 Profit Maximizing Monopolist 111
5.2 Profit Maximizing Monopolist Relative to Free Competition 112
5.3 Two Period Monopolist Model 118
5.4 Monthly Returns, 1978 1983 (Compared to stock market) 122
5.5 Monthly Returns, 1978 1983 (Compared to T Bill, T Bond, and
Gold) 123
6.1 Diamond Returns, 1981 1988 143 |
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| illustrated | Illustrated |
| index_date | 2024-07-02T16:05:01Z |
| indexdate | 2024-07-09T20:47:08Z |
| institution | BVB |
| isbn | 0899304567 |
| language | English |
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| spelling | Khoury, Sarkis J. 1945- Verfasser (DE-588)12405059X aut The valuation and investment merits of diamonds Sarkis J. Khoury 1. publ. New York [u.a.] Quorum Books 1990 XIII, 167 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Diamonds as an investment Kapitalanlage (DE-588)4073213-7 gnd rswk-swf Diamant (DE-588)4012069-7 gnd rswk-swf Diamant (DE-588)4012069-7 s DE-604 Kapitalanlage (DE-588)4073213-7 s HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=015122222&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Khoury, Sarkis J. 1945- The valuation and investment merits of diamonds Diamonds as an investment Kapitalanlage (DE-588)4073213-7 gnd Diamant (DE-588)4012069-7 gnd |
| subject_GND | (DE-588)4073213-7 (DE-588)4012069-7 |
| title | The valuation and investment merits of diamonds |
| title_auth | The valuation and investment merits of diamonds |
| title_exact_search | The valuation and investment merits of diamonds |
| title_exact_search_txtP | The valuation and investment merits of diamonds |
| title_full | The valuation and investment merits of diamonds Sarkis J. Khoury |
| title_fullStr | The valuation and investment merits of diamonds Sarkis J. Khoury |
| title_full_unstemmed | The valuation and investment merits of diamonds Sarkis J. Khoury |
| title_short | The valuation and investment merits of diamonds |
| title_sort | the valuation and investment merits of diamonds |
| topic | Diamonds as an investment Kapitalanlage (DE-588)4073213-7 gnd Diamant (DE-588)4012069-7 gnd |
| topic_facet | Diamonds as an investment Kapitalanlage Diamant |
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