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Is there any Zakah on Diamonds?

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Details: Category: Sheikh Bin Baz; Published on Tuesday, 05 November 2013 10:42; Hits: 806

Is there any Zakah on Diamonds?

Question:

Is there any Zakah on Diamonds that are used for beautification and wearing?
Answer:

There is no Zakah on Diamonds that are for beautification and wearing.However, if the diamonds are for buisness(i.e., buying and selling), Az-Zakah must be paid on them.The same applies to pearls.In reference to gold and silver, Az-Zakah must be paid on them if they reach the minimum amount required,even if they are only for wearing according to the most correct opinion of the scholars.
Shaykh `Abdul-`Azeez Bin Baz
Fatawa Islamiyah Darussalam Vol:3 page no.181