Violin part, of noteworthy value (5)
I believe the answer is:
strad
'violin' is the definition.
(Stradivari abbreviation)
I cannot understand how the rest of the clue works.
Can you help me to learn more?
(Other definitions for strad that I've seen before include "Top-quality violin (abbr.)" , "Valuable old violin" , "Noted violin" , "Old, very expensive violin (abbr)" , "musical instrument" .)