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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.
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See Diamond.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
Sentidos homenajes se rindieron al presidente Simon Bolivar a quien los bogotanos le organizaron un solemne recibimiento en la manana del 4 de marzo en lo que seria el inicio de una estadia de 19 dias en esta ciudad.
A natural question for advisors and clients to ask when considering a DIA is: How big is the payout?
Asahi Bank, the main creditor bank to Dia, will also come to the rescue of Dia by purchasing a part of the credit bought by Cerberus, it said.
In this way, like so many other reclaimed structures of the past decade or two (including Mass MOCA and the exhibition hall at Schaffhausen, which shows mostly American art of the Dia generation), Beacon also recalls us to the "white cube." This was Brian O'Doherty's now classic designation, some twenty-five years ago in this journal, for the modern gallery space, which he was the first to describe as an ideological space distinguished by a placeless "eternity of display." The white cube, to paraphrase O'Doherty, draws its optical mystique (clean, unshadowed, artificial) from the shallow picture plane of the modernist and late-modernist works it contains, which confirmed the autonomy of the wall.
Now, a year later, Dia has gone public with its plans for a vast waterfront museum, unveiling a $20 million project to renovate a dilapidated 292,000-square-foot factory building.