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.
diamond (dī'ə-mənd) Pronunciation Key
A form of pure carbon that occurs naturally as a clear, cubic crystal and is the hardest of all known minerals. It often occurs as octahedrons with rounded edges and curved surfaces. Diamond forms under conditions of extreme temperature and pressure and is most commonly found in volcanic breccias and in alluvial deposits. Poorly formed diamonds are used in abrasives and in industrial cutting tools.
[dahy-muh
nd, dahy-uh-] 