What is Blue Diamond?
1.
aka a 
"Granddad, granddad, let me borrow a couple of them blue diamonds..."
-Killa Mike in "Adidas"
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2.
This word is usually use by crips the street gang.The crips street gang usually call their girlfriends or wives this word,seeing how the crips favorite color is blue and the word diamond is pretty much saying that their girlfriend or wife is beautiful.
A good example is Snoop Dogg the westcoast rapper's wife she would be consider a blue diamond.
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3.
A 
See dat girl over there, she a blue diamond dey been together for a long time.
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