Crossword Genius

Travelling around, receiving news in exchange for diamonds and spice (8)

Ross

I believe the answer is:

cinnamon

I'm a little stuck... Click here to teach me more about this clue!

'spice' is the definition.
(I know that cinnamon is a type of spice)

'travelling around receiving news in exchange for diamonds and' is the wordplay.
I cannot quite understand how this works, but
'around' could be 'o' (I've seen this in other clues) and 'o' is found in the answer.
'news' could be 'nn' (an abbreviation for new written twice) and 'nn' is present in the answer.
'and' could be 'n' (common abbreviation for 'and') and 'n' is present in the answer.
This explanation may well be incorrect...

Can you help me to learn more?

(Other definitions for cinnamon that I've seen before include "Yellow-brown spice from bark of Asian tree" , "Yellowish-brown - spice" , "Spice from dried bark" , "Something spicy" , "'Spice in con man, strangely (8)'" .)

I've seen this clue in The Independent.
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