"Diamonds and Pearls" is the title track of American musician Prince and The New Power Generation's 1991 album.
The song is an upbeat ballad, given a rock edge with guitar and heavy drumming. It also features the vocals of NPG member Rosie Gaines. The ballad is an expression of love and not lust, as is the theme on some of the other singles from the album. It was a top 10 hit, reaching number three in the US and the top spot on the R&B chart.
The pearls in the accompanying music video come from Connie Parente, a Los Angeles jewelry collector and designer.
The B-side is a mix of excerpts of other Diamonds and Pearls tracks, which serves to promote the album. There was no extended version of the song released. The UK B-side included some of the mixes on the "Cream" maxi single.
The repeated lyric "If I gave you diamonds and pearls, would you be a happy boy or a girl?" echoes the lyrics "I'll buy you diamonds and pearls only if you're good girl" from Prince's 1982 song, "International Lover".