Zakat on Diamonds.

[SindSagar]

Re: Zakat on Diamonds.

@pinks

I heard from somewhere that there is NO zakat to be paid on diamonds/ precious stones?!? It sounded a bit strange to me considering the fact that diamonds cost way more then gold.

So how does one pay Zakat on such stones?

JAK

Wassalam.

If they are used for personal jewelry that you wear often, then I believe there would not be any Zakat, otherwise they would be part of your net savings and come under the 2 1/2 percent rule…but do check with an Alim.