Venus is a lovely planet which imparts love for the mundane.
Venusian significations are Poetry, Aesthetics & Rhetorics ( Kavya Komala Vagvilasamathulam ). Venus's blessings are needed for succes in Business, in Music, in Poetry and the Arts. Also for cooperation from the opposite sex.
For Ascendant Cancer - Diamond is not generally recommended for Cancerians. Reasons are simple. Venus is a functional malefic for Cancer, as he owns the 4th ( Kendradhipatya Dosha ) & the 11th ( Badhakadhipatya Dosha ). Exception to the rule - it may be recommended during the periods/subperiods of Venus.
For Asc Leo - An emphatic no for Leoians, as Venus is the 3rd Lord and the 10th lord. Exception to the rule - it may be recommended during the periods/subperiods of Venus.
For Asc Virgo - An emphatic Yes for Virgoians, as Venus is the lord of Dhana Bhava ( 2nd ) & 9th house ( Bhagya Bhava ).
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