I know it might be a sign for the illuminati or free masonary. but i just posted this because I had never heard Jay-Z explain this before.
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lol...jay is a funny dude...he might not be lying, it could have started that way

But when he puts one eye through the diamond

http://positivelightpromotions.files.wordpress.com/2009/09/illuminati-jayz.jpg

It represents Lucifers eye, which ironically is on our dollar bills...hey, how did it get their? The answer? Illuminati has been around for centuries

oh i know the story.^ the reason i posted this is because i never heard him discuss that before and i thought it was interesting to see what he said. sometimes i wonder if all the masonic stuff involved with him is on purpose to get people talking. maybe he just think masonic **** is cool. i dunno.