Diamond


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Diamonds

1. A unit investment trust in which the underlying asset is the Dow Jones Industrial Average. That is, diamonds are shares in a closed-end index fund tracking the DJIA. It is traded on the American Stock Exchange. It operates much like an exchange-traded fund, but, like all unit investment trusts, it has an expiration date, while ETFs do not. Its ticker symbol is DIA.

2. A valuable commodity consisting of very hard gem stones used in jewelry and tools. Diamonds may be traded on any of a number of exchanges. See also: Blood diamonds.

Diamond

Registered name for interest in a trust that holds all 30 stocks included in the Dow Jones Industrial Average. Ownership of a Diamond allows an investor to track the DJIA with a single investment. Diamonds are traded on the American Stock Exchange under the symbol DIA.
References in classic literature ?
There, said he, drawing from the casket a large bow of blue ribbon all sparkling with diamonds, "there are the precious studs which I have taken an oath should be buried with me.
The goldsmith cast a glance at the elegant manner in which they were set, calculated, one with another, what the diamonds were worth, and without hesitation said, "Fifteen hundred pistoles each, my Lord.
And that diamond," cried Caderousse, almost breathless with eager admiration, "you say, is worth fifty thousand francs?
The unknown himself shut the door after him, and when left alone, looked mournfully at the bottom of the purse, from which he had taken a small silken bag containing the diamond, his last resource.
Then the fever took him again, and he fell down and began to rave about Suliman's Mountains, and the diamonds, and the desert.
What with all the diamonds and white satin and tulle and lace and roses and orange blossoms, prim little Jane was almost lost to sight.
They're the three great African diamonds called `The Flying Stars,' because they've been stolen so often.
A stout countess of sixty, decolletee, painted, wrinkled with rouge up to her drooping eyelids, and diamonds twinkling in her wig, is a wholesome and edifying, but not a pleasant sight.
You shall have your share of the fun, never fear, and a purple diamond all to yourself--if we're lucky.
Preserved by three Brahmins, the inviolate deity, bearing the Yellow Diamond in its forehead, was removed by night, and was transported to the second of the sacred cities of India-- the city of Benares.
I began by picking up all the largest diamonds I could find and storing them carefully in the leathern wallet which had held my provisions; this I tied securely to my belt.
Can you arrange the locket," Alban asked, "so that the side on which the diamonds appear hangs outward?