Diamonds

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Diamonds

Units of interest in the diamonds trust, a unit investment trust that serves as an index to the Dow Jones Industrial Average in that its holdings consist of the 30 component stocks of the Dow.

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.

DIAMONDs.

A DIAMOND is an index-based unit investment trust (UIT) that holds the 30 stocks in the Dow Jones Industrial Average (DJIA). It's similar in structure to an exchange traded fund (ETF).

Investors buy shares, or units, of the trust, which is listed on the American Stock Exchange (AMEX) as DIA. The share price changes throughout the day as investors buy and sell, just as share prices of stocks do.

That's in contrast to open-end mutual funds whose share prices change just once a day, when trading in their underlying investments ends for the day.

Part of the appeal of DIAMOND shares is that the trust mirrors the performance of its benchmark index for dramatically less than the cost of buying shares in all 30 stocks in the DJIA.

A DIAMOND share trades at about 1/100 the value of the DJIA. So, for example, if the DJIA is at 11,500, shares in the trust will be priced around $115.

References in periodicals archive ?

2) Further evidence has shown a strong link between street-level criminal activity regarding diamonds and jewelry and organized crime.

Diamond and jewelry industry crime

The recovery of the gem was one of more than 160 other commercial size diamonds in the first 125 tonnes of samples processed from Pele's Cristal and Genesis diamond occurrences on the property.

Diamonds: one man's best friend. (Spider Report)

Aside from their luster and hardness, diamonds boast other properties that make them desirable to industry.

Fast growth, purity may multiply uses. (Better-Built Diamonds)

In the United States, diamonds are a symbol of eternal love, the sparkle on an engagement ring.

DIAMONDS AND WAR

the first impact diamonds about 20 years ago, says Richard A.

Diamonds from outer space

It might be that companies just lose interest or they cannot get financing, it might be that the chemistry of the kimberlites is not right and that there are too may small diamonds, but it also might be that they just have not tried hard enough.

Diamonds potential untapped. (Mining)

Rough diamonds are usually smuggled from these areas to more peaceful, neighboring states and there enter the international market.

Gems of war: scientists struggle to identify conflict diamonds

O'Connor says they have established the presence of large quantities of diamonds in an Archean-aged geological environment not previously known to contain any significant diamonds.

Wawa diamond finds unique

Because moissanite's spectrographic signature differs from that of diamond, the new anvils enable researchers to see, for the first time, clear signatures of certain materials at high pressure, such as diamonds, says Xu.