Paragraph Rod iterates embodies beauty (9)
I believe the answer is:
aphrodite
'beauty' is the definition.
(I've seen this before)
'paragraph rod iterates embodies' is the wordplay.
'embodies' indicates the answer is hidden within the clue.
'APHRODITE' is hidden in the letters of 'paragraph rod iterates'.
(Other definitions for aphrodite that I've seen before include "Paris prizewinner" , "Greek goddess of love, like Roman Venus" , "Greek goddess of beauty and love" , "Greek goddess equivalent to Roman Venus" , "got Paris's approval" .)