Chipmunk told RWD Magazine about the song's lyrics: "It's not about being flash and spending money though; it's more about maintaining your value. It's about feeling good out there." (Source Diamond Rings Songfacts).
'Diamond Rings' is the follow up single to eighteen year old Chipmunk's debut single 'Chip Diddy Chip'. The track, with it's ska-influenced beat and infectious chorus has been described as 'the perfect song for summer' and is due for release in July 2009.