This set, issued by the National Chicle Company of Cambridge, Massachusetts, was distributed over three seasons, along with its sister set, the 1934-36 Batter Up. For a short time, the Diamond Stars became the dominant baseball card issue, as chief competitor Goudey issued inferior sets in 1935 and 1936. Then, no major baseball card set was issued by any company in 1937 (possibly because of the lingering Great Depression).

The cards, like many of the gum card issues of its era, feature paintings of actual player photos. The Diamond Stars stand out from those other issues with their vivid backgrounds, usually a baseball field or stands, which contrast with the solid backgrounds found on the Goudey cards issued around the same time. The player's name is also featured on the card front in black lettering.

Since the cards were issued over a three-year period, there are variations on the card backs in many cases. While the card fronts stayed the same from year to year, the backs changed to notate the year. The backs themselves either feature a player biography or a tip for baseball players. Some backs have either blue or green ink. The Diamond Stars name and card number dominate the top, while the player's biographical information and an ad appear at the bottom. In the ad, there is a note that the card is one of 240 in the set, but that is erroneous; only 108 cards were eventually printed.

The set has a run of very scarce high-number cards (#97-108), which feature players already present elsewhere in the set. There are a couple of variations concerning the spelling of players' names present in this set; they are notated in the checklist below. Artwork for twelve cards that were intended for, but not included in, this set were released in the mid-80's. They, however, are not included here.