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
(Chorus):
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
(Repeat chorus)

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
(Repeat chorus twice)
Wouldn't be hard to face for as long as you're here with me