Crossword Genius

Cut diamonds - cut diamonds? (3)

Ross

I believe the answer is:

ice

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'diamonds?' is the definition.
(slang term for diamonds)

I don't understand the rest of the clue.

Can you help me to learn more?

(Other definitions for ice that I've seen before include "A state of water" , "Cooler" , "Block" , "Diamonds (slang)" , "Constituent of 2dn" .)

I've seen this clue in The Independent.
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