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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 ?
Joan Barreda Bort (ESP) Honda CRF 450 Rally 11hr 05min 59sec
Bank of Botetourt (OTCPK: BORT) has launched a new, full service home mortgage division, Virginia Mountain Mortgage, to fill a gap in the region, the company said.
Bank of Botetourt (OTCPK: BORT) has reported net income of USD646,000 in the three months ended September 30, 2015, compared to USD633,000 for the same time period in 2014, an increase of 2.1 percent.
Bank of Botetourt (OTCPK: BORT) reported net income of USD686,000 in the first quarter 2015, compared to USD504,000 for the same time period in 2014, an increase of 36.1 percent.
Kimberly Farfone Borts, spokeswoman for the Bishop Gadsden Episcopal Retirement Community in Charleston, S.C., told the Associated Press that Rhett died about 5 p.m.
A memorial service will be held March 24 for Maxine Roberta Borts of Cottage Grove, who died March 20 of age-related causes.
Bowers and Borts in this issue [1] provide a powerful example of the need for circumspection when considering replacement of an existing instrumental technique with a new and supposedly better one.
The possibility of a new instrumental approach led Bowers and Borts to compare results of measurements made in a quadrupole system (QMF), a mature technology, with those from a quadrupole ion trap (QIT), a technology that is winning wide acceptance rapidly.