Diamond

(redirected from diamondiferous)
Also found in: Dictionary, Thesaurus, Medical, Encyclopedia.

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 ?
The proximity of diamondiferous kimberlite to a developing mine makes it an attractive asset for KWG, Smeenk says, even if the quality of diamonds pulled from the pipes are of lower grade than those found in the Victor project.
In light of the close proximity to producing diamond mines, the presence of numerous diamondiferous kimberlites and kimberlite indicator minerals, management is of the opinion that these claims are highly prospective for the further discovery of diamonds.
This provides a good basis for future prospecting of kimberlites and other diamondiferous rocks.
A15 is proximate (2 - 8 kilometers) to four previously discovered diamondiferous kimberlites with less favorable chemistry and is the first kimberlite of this type to be tested for micro-diamonds.
The Company has a majority interest in three projects covering over 160,000 acres which contain the probable source areas for unresolved KIM trains and include known diamondiferous kimberlite that warrants additional exploration.
These four claim groups cover over 160,000 acres and are the probable source areas for unresolved KIM trains and include known diamondiferous kimberlite which warrants additional exploration.