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 ?
Then I said good-night and turned in, and dreamt about poor long-dead Silvestre and the diamonds.
As he bowed over her he smiled, and quoted the hackneyed and beautiful lines from The Rape of the Lock about Belinda's diamonds, "which Jews might kiss and infidels adore.
Bute said to her eldest girl (who, on the contrary, was a very swarthy, short, and snub-nosed young lady), "You might have had superb diamonds forsooth, and have been presented at Court by your cousin, the Lady Jane.
exclaimed La Carconte, rising and descending to the chamber with a tolerably firm step; "what diamond are you talking about?
It is a beautiful diamond left by poor Edmond Dantes, to be sold, and the money divided between his father, Mercedes, his betrothed bride, Fernand, Danglars, and myself.
There, you see, wife," said the former, "this splendid diamond might all be ours, if we chose
So you think of having a try for his diamonds yourself?
To be quite frank, I have had them on my conscience for some time; one couldn't hear so much of the man, and his prize-fighter, and his diamonds, without feeling it a kind of duty to have a go for them; but when it comes to brandishing a revolver and practically challenging the world, the thing becomes inevitable.
Our luck seemed to have deserted us: the owner of the purple diamonds was dining at home and dining at undue length.
We saw Rosenthall come out--saw the glimmer of his diamonds before anything.
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.
As to the goldsmith, he wrote to his wife, sending her the order for the thousand pistoles, and charging her to send him, in exchange, his most skillful apprentice, an assortment of diamonds, of which he gave the names and the weight, and the necessary tools.