Lifted depression about woman's figure (7)
I believe the answer is:
pyramid
'figure' is the definition.
(thesaurus)
'lifted depression about woman's' is the wordplay.
'lifted' says the letters should be written in reverse (going up in down clue).
'depression' becomes 'dip' (dip is a kind of depression).
'about' is an insertion indicator.
'woman' becomes 'mary' (woman's name).
'dip' going around 'mary' is 'dimaryp'.
'dimaryp' written backwards gives 'PYRAMID'.
(Other definitions for pyramid that I've seen before include "Massive Egyptian memorial" , "Polyhedron, one face a polygon, the rest triangles with common vertex" , "old tomb" , "ancient monument" , "Egyptian edifice" .)