50 Cent Downsizes Diamonds

Whether your jewelry box is full of costume pieces or icy diamond jewels, the recession is forcing everyone to take stock of their stash with a discerning eye - including hip hop stars. In fact, rich rapper 50 Cent recently confessed that his diamond habit has taken a hit due to these tough economic times (the horror!)

Is he turning in his diamonds in for dollars? Putting the bling away for good business? Hosting gold parties at the mansion? Not really. He's just had to sell some of his old diamonds before buying new ones, according to The London Telegraph. Life's tough.

“The credit crunch has hit rap,” 50 Cent, whose real name is Curtis Jackson, said.

“I buy diamonds on a very regular basis, but now I am selling my old stuff before I get something new. “These are times when you learn about the value of money.”

50 Cent said he has lost "a few milion." in the past year:

“If you don’t lose money in this recession, it means you didn’t have enough to start off with,” Fitty explained. “Sure, I lost a few million, but that’s because I have so much. This is a time that will sort out the strong from the weak."

I'm heart-stricken by his loss.