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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.


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 periodicals archive ?
In February of last year British Prime Minister David Cameron said on a visit to India that it would be illogical to return the Koh-i-Noor diamond.
The controversy over the Koh-I-Noor diamond is just as contentious.
The Koh-i-Noor is not the biggest diamond in the world.
By the time of the Exhibition, the story of the Koh-i-noor, which had made its way to England after the annexation of the Punjab, was already well known.
The folks at Hands-On Mobile are whizzes at game design, marketing and product development and were of great help during the making of Seven Wonders: Quest for Koh-i-Noor, our first title in a series of hidden-object, adventure games, designed specifically for the iPhone and iPod Touch," said Ahmed Murad Akhter, CEO, Tintash, Inc.
A 50-kg bag of Brazilian sugar cost 2030afs, a similar amount of Pakistani rice sold for 2300afs and the rate of a 5-kg Koh-i-Noor ghee cane worked out at 335afs.
He was only joking, of course, but it was actually a valid point when you consider (a) I've visited the Koh-I-Noor countless times and (b) it must be about the only curry house in Glasgow that I haven't put in the paper.
Meanwhile, Mr Cameron rebuffed Indian calls to return the famous Koh-i-noor diamond, taken by the British 150 years ago.
When the Taleban was in power, Afghanistan demanded the British return the Koh-i-Noor diamond; India, Pakistan and Iran have at various times demanded it too.
It is estimated to be capable of producing a 150-carat polished gem stone, dwarfing the Koh-i-Noor diamond which is part of the Crown Jewels.
But Boo was also keen to showcase new material which included Hangman and Koh-i-Noor about the infamous diamond.
The priceless crown, which is usually on display behind armoured glass at the Tower of London, contains the infamous Koh-i-Noor diamond, a stone with a long and bloody history.