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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 ?
Arctic has commenced its exploration in Finland on the Timantti Project, where four diamondiferous kimberlite bodies may represent the first discoveries in a large kimberlite field.
There was hope that the other diamonds within the kimberlite cluster would fetch a very high price per carat.
Teal Riley of the British Antarctic Survey said less than 10 per cent of deposits of similar kimberlite were economically viable.
Diamond bearing kimberlites have been discovered by junior explorers in every province and territory where the Canadian Shield is present.
Crew Minerals said that the results of its first-pass sampling programme in the Maniitsoq region confirm that all sampled kimberlites in the licence area contain diamonds.
A compilation of regional-scale lineaments interpreted from aeromagnetic and gravity maps shows intersecting zones of lineaments that could be conducive to kimberlite emplacement (Labbe 2001).
In 1998, Petra discovered the first new kimberlite orebody in Angola following two decades of civil war.
The second plant will be installed on the Tschibue kimberlite deposit about 30 km south west of Mbuji-Mayi.
The Alberta Geological Survey announced in Edmonton that analysis of rock samples from north of Lesser Slave Lake indicated the presence of kimberlite, a possible diamond-bearing rock.
Forward-looking statements in this press release include that the Timantti Project offers high potential for numerous further diamond-bearing kimberlite discoveries; Arctic's drilling and surveying plans and the expected outcome of those plans; that Arctic can swiftly discover more kimberlite on the property; that the Wolf kimberlites themselves may have the potential to be economic The Wolf kimberlite assets have not been the subject of any recent resource work, much less a feasibility study and as such there is no certainty that any future resource will be defined or that the assets will be able to produce a commercially marketable product.
The Southwest Corridor area has been recognized as containing diamondiferous kimberlite that is not included in the project resource statements.