I've seen ashes turning into life
   I've seen diamonds turn to dust
   I've seen people turning love into lust
   I've seen true love on a darkened street
   And make believe at a preacher's feet
   But I know where I stand when I'm with you
  
   Ashes and diamonds, imprisoned and free
   Such is the world we're in forever to be
   But ashes and diamonds, imprisoned or free
   Wouldn't be hard to face for as long as you're here with me
  
   I've been down and out like a beggar's child
   I've been up where life is sweet
   And I've tasted all the world that flows between
   I've seen smiling faces in shanty towns
   And frowning faces with jewelled crowns
   But I know where I stand when I'm with you
  
   Ashes and diamonds, imprisoned and free
   Such is the world we're in forever to be
   But ashes and diamonds, imprisoned or free
   Wouldn't be hard to face for as long as you're here with me
  
   I've seen true love on a darkened street
   And make believe at a preacher's feet
   But I know where I stand when I'm with you
  
   Ashes and diamonds, imprisoned and free
   Such is the world we're in forever to be
   But ashes and diamonds, imprisoned or free
   Wouldn't be hard to face for as long as you're here with me
   Wouldn't be hard to face for as long as you're here with me