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cutting diamonds 

when you can see a woman's nipples through her shirt
tom : "Dude look at jenna!"
fred: "why?"
tom she is totally cutting diamonds."
cutting diamonds by sammyjean December 10, 2010

diamond cutting nipples 

nipples so sharp, they can cut diamonds. Diamonds, as you all know, have a strong covalent bond between its atoms, therefore making it one of the hardest things on earth. However, not even diamonds can withstand the magnitude of greatness in these nipples.
Person1: oh man, it sure is cold.
Person2: my nipples are so cold due to the low temperature, they are like diamond cutting nipples.

Diamond Cutting 

Snowboarding. Peep game: diamonds are ice, so ice is diamonds. Thus, when you're out carving up the slopes, you're diamond cutting.
I'm a biracial snowboarder, so when I'm up at Mammoth doing my thing like Shaun Half-White, I'm diamond cutting. Act like you know.

diamond cutting 

To have sex with someone thought to be out of your league; to hook up with someone universally attractive. Similarly, "cut a diamond," "cut her diamond," "diamond cut," etc.
"I was diamond cutting the whole time I was at the Bunny Ranch"
diamond cutting by Writer 56 December 29, 2007