Renneboog, Luc - Tilburg University, Center for Economic Research - 2013
Abstract: This paper examines the risk-return characteristics of investment grade gems (white diamonds, colored … reward-to-risk (Sharpe ratio) of white diamonds is very close to that of US corporate government bonds. The highest Sharpe … attractive risk-return tradeoff. In spite of a small positive correlation between the diamond and the equity markets, adding …