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 ?
Joan Barreda Bort (ESP) Honda CRF 450 Rally 11hr 05min 59sec
I couldn't believe what I was hearing,'' Booker said of the team meeting last Monday afternoon, at which Sylmar coach Bort Escoto broke the news that the Spartans' season had suddenly transformed in a huge question mark.
The City Section Section appeals committee overturned its decision to have the Sylmar High boys' basketball team forfeit six Valley Mission League victories Friday, Sylmar coach Bort Escoto said.
Our proprietary technology combined with Lilly's value-added information will continue to revolutionize how physicians manage their patients," Bort added.
Tuesday, March 18, 2003, in the transit district's seventh annual police awards ceremony at the Joseph Bort MetroCenter Auditorium, 101 Eighth Street, Oakland (across the street from BART headquarters).
Bort states "PocketScript reduces errors and nearly eliminates callbacks from pharmacists.
Tuesday, March 18, 2003 WHERE: Bort Metro Center Auditorium, 101 Eighth Street, Oakland, across from BART headquarters building WHY: Because they're heroes
This just goes to show you that people sometimes make mistakes,'' said Sylmar coach Bort Escoto.
The Mercanti Group, a Minneapolis-based investment and financial advisory firm, announced today that Randy Bort, a 14-year investment banking veteran, has joined the firm as a managing partner.
We dug ourselves a hole,'' Sylmar coach Bort Escoto said.
Bort Metro Center, Lawrence Dahms Auditorium, 1st Floor, 101 Eighth Street, Oakland (8th and Madison streets, across from BART's LMA Headquarters building).