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 ?
It seemed like I was looking at three of him out there,'' Sylmar coach Bort Escoto said of Booker, who scored 21 of his 32 points in the second half and finished with 15 rebounds, 10 assists and 10 steals.
Honestly, I'd rather we play in the Coliseum League,'' Sylmar coach Bort Escoto said.
Hey, it's the biggest game in our league, so why not play it when everybody can come by and watch,'' Sylmar coach Bort Escoto said.
Richard Bort of Panorama City said Valley VOTE should parlay its clout from the secession campaign into other issues.