Crossword Genius

Some fictitious island to hold dear (8)

Ross

I believe the answer is:

treasure

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'hold dear' is the definition.
(synonyms)

I don't understand the remainder of the clue.

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(Other definitions for treasure that I've seen before include "Robert Louis Stevenson novel" , "Accumulated wealth, might be buried" , "Jewel hoard" , "Accumulated wealth, could be buried" , "someone valued" .)

I've seen this clue in the Sydney Morning Herald.
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