RT Journal Article
SR Electronic
T1 The Return Characteristics of Diamonds
JF The Journal of Investing
FD Institutional Investor Journals
SP 132
OP 143
DO 10.3905/joi.2013.22.1.132
VO 22
IS 1
A1 Kenneth Small
A1 Jeff Smith
A1 Erika Small
YR 2013
UL https://pm-research.com/content/22/1/132.abstract
AB We outline the ethical considerations surrounding the trading of diamonds, the metrics used to value diamonds, the history of diamond trading, and the current market structure. We provide an analysis of the underlying risk and return characteristics of several individual diamond types. We show that diamonds exhibit low CAPM and Fama-French betas, and low correlations with gold, the S&P 500, long-term U.S. bond prices, and U.S. inflation.TOPICS: Commodities, other real assets