The Global Diamond Industry: Economics and Development Volume I

Front Matter....Pages i-xiii
Introduction....Pages 1-8
Front Matter....Pages 9-9
Markets: Continuity and Change in the International Diamond Market....Pages 11-26
Institutional Aspects of the Organization and Operation of the International Diamond Market....Pages 27-47
The Impact of External Forces on Cartel Network Dynamics: Direct Research in the Diamond Industry....Pages 48-70
Diamonds: Exploration, Mines and Marketing....Pages 71-94
A Cartel’s Response to Cheating: An Empirical Investigation of the De Beers Diamond Empire....Pages 95-120
Front Matter....Pages 121-121
The Economics of Diamond Price Movements....Pages 123-136
Rough Diamonds: Auctions Bring Sweeping Changes in Pricing, Distribution....Pages 137-160
Diamonds — A Precious New Asset?....Pages 161-181
An Examination of Diamonds as an Alternative Asset Class: Do They Have What It Takes to Make a Portfolio Sparkle?....Pages 182-195
Hard Assets: The Returns on Rare Diamonds and Gems....Pages 196-217
Shine Bright Like a Diamond: A Hedonic Model of Grading and Pricing an Experience Good....Pages 218-238
Pricing Anomalies in the Market for Diamonds: Evidence of Conformist Behavior....Pages 239-262
Back Matter....Pages 263-274