Diamonds are a toddler's best friend!

Beyonce took daughter Blue Ivy shopping for some baby bling at XIV Karats in Beverly Hills yesterday, and the singer spared no expense buying her little princess pricey baubles!

"Beyonce loves XIV Karats — she owns quite a few pieces from the shop. And frankly, she and Jay have so much money to spend and all their attention is focused on Blue, so it’s only natural that they’d start to buy some gifts for her," an insider tells X17online.

So what did little Blue score on the outing?

"Beyonce liked a dainty, gold chain bracelet for her daughter. And of course there are a few diamonds on it …" a customer inside the store dished to X17.

Life is good when your the offspring of hip hop's richest power couple!