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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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved


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.
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 ?
For further analysis or information regarding CDGI's innovative Diamond Rough Acquisition offerings with Guaranteed Minimum Resulting Loose Polished Diamond Yields & World Class Specifications, please do not hesitate to contact CDGI at: Info@WholesaleDiamondDealer.com.
The compound annual growth rate (CAGR) of the industry from 2009 to 2014 stands at six per cent for polished diamonds and five per cent for diamond jewellery.
* The consolidation in the jewellery sector and an expanding share of online jewellery sales in the US result in a non-recurrent reduction in polished diamond stocks across the retail sector as businesses embrace more efficient stock management practices, translating into lower diamonds volumes purchased by cutters and polishers.
Surat (Gujarat) [India], Jul 30 ( ANI ): The export of cut and polished diamond has increased by 8.9 percent in July as compared to the same month a year earlier, as per Gem and Jewellery Export Promotion Council (GJEPC) data.
Dubai also recorded a 100 per cent increase in the volume of total polished diamonds traded, reaching 163.8 million carats.
Polished diamond imports grew by nearly five per cent in 2009 to $6.9 billion from $6.6 billion in 2008.
A three carat diamond, for example, can cost up to seven times more than a one carat diamond of equal colour and clarity and only one polished diamond in a 1,000 is over one carat.
Approximately 250 tonnes of ore has to be mined from a kimberlite pipe to produce a one carat polished diamond of gem quality.
Our two premium assets, at the most profitable poles of the diamond business, inform each other with respect to pricing and polished diamond supply.
A draft Commission Regulation unveiled last August sets new mechanisms to oversee Antwerp's Euro 23 billion polished diamond markets - which handles 80% of the world's diamonds - as well as the market in London.
The polished diamond insert can be changed easily, on some models without removing the tool from the machine.