Lovers receiving gold, diamonds and booze (8)
I believe the answer is:
bordeaux
'booze' is the definition.
(Bordeaux is a type of wine)
'lovers receiving gold diamonds' is the wordplay.
'lovers' becomes 'beaux' (plural of beau).
'receiving' means one lot of letters goes inside another.
'gold' becomes 'or' ('or' is the heraldic name for gold).
'diamonds' becomes 'd' (abbreviation in bridge say).
'or'+'d'='ord'
'beaux' placed around 'ord' is 'BORDEAUX'.
'and' acts as a link.
(Other definitions for bordeaux that I've seen before include "Wines" , "French river port - claret" , "A rude box of French wine, curiously" , "Claret district" , "French city" .)