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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 ?
Although the country has crossed the threshold of the Second Millennium, the streets of the diamondiferous districts continue to remain at the limits of practicality; electricity is a mirage of modernity reserved for the few rich people and water is still being fetched with buckets.
Diamondiferous gravel is brought to a lay-down area from where it is transferred into a tipping bin.
12 The stages of diamond production were: excavation and hauling the diamondiferous "blue' clay to the surface; pulverization by weathering on the floors; preparation of concentrates by washing off wastes; final separation of rough diamonds mechanically or by hand; sorting, classification, and sale of stones to buyers at Kimberley; and reclassification and sale in London to Continental manufacturers for cutting, polishing, and sale of gem stones to distributors and retailers.
Gahcho KuAa(c) consists of a cluster of four diamondiferous kimberlites, three of which are being developed and mined.
The Southwest Corridor area has been recognized as containing diamondiferous kimberlite that is not included in the project resource statements.
The real reason, of course, was that certain parts of this rugged and unforgiving terrain were diamondiferous. The Catch-22 was that the area also was too remote for the authorities to effectively police.
- ARGYLE SMOKE CREEK ALLUVIAL DIAMOND PROJECT: Processing of diamondiferous gravels commenced at the Argyle Smoke Creek Alluvial Diamond project.
"From the time of the ECOMOG intervention, the accused and his subordinates communicated to the RUF/AFRC forces the imperative to maintain control over Kono, a diamondiferous area.
It currently holds more than 1 million acres in diamond properties which host diamondiferous kimberlites in the Buffalo Head Hills and Birch Mountains of Alberta.
The Project has great exploration potential and our three diamondiferous kimberlite discoveries there in 2007 give us optimism that large kimberlites with economic potential can be discovered this year.