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Diamond
(redirected from Diamond mining)

   Also found in: Dictionary/thesaurus, Medical, Encyclopedia, Wikipedia 0.01 sec.
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.


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The diamond mining industry generates over 40% of Namibia''s annual export earnings and diamond revenues enable every child in Botswana to receive free education up to the age of 13.
Between 1998 and 2001, employment in the diamond mining industry in the North increased from 90 to 700 workers, with estimates of more than 2,000 jobs currently.
In 1993, the MNDM launched the first in a series of mineral sampling and geophysical surveys to determine the potential for diamond mining in Northern Ontario.
 
 
 
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