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 periodicals archive ?
It also needs to be mentioned that India is not the only country that has claimed ownership of Koh-i-Noor.
The story of the Koh-i-Noor diamond is a 750-year bloodstained history of murder, megalomania and treachery.
Asked later whether he would respond to Indian calls for the return of the Koh-i-Noor - the world's largest diamond and the centerpiece of the Queen's coronation crown - Cameron said: "I don't think that's the right approach.
When the new British Prime Minister David Cameron visited India in November 2010 he was faced with the latest request for the return of the Koh-i-Noor, an iconic jewel which to some in India belongs in India.
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.
Beant Singh Sandhanwalia, a Sikh who now lives in Amsterdam, claims that documents in a Swiss bank's deposit box prove his ancestors -- the last rulers of India's Punjab province before English colonialism arrived in 1849 -- are the genuine owners of gems including the famous Koh-i-noor diamond, currently in the Queen Mother's state crown, the Sunday Times says.
He said the disabled had been hired in Education, Agriculture, Tehsil Municipal Administration, Health, Social Welfare, Fatima Jinnah University and Koh-i-Noor Textile Mills.
INDIA'S government has told the Supreme Court that it will not request the return of the 106-carat Koh-i-Noor diamond, which is now part of the British crown jewels.
Lahore -- The Lahore High Court overruled an objection - on a petition - seeking directions to the federal government to bring Koh-i-Noor diamond back from the possession of British Queen Elizabeth-II and ordered to fix it for preliminary hearing before any bench.
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