What does the cryptic crossword clue "Expensive diamonds separating pair from last of money (6)" mean?

This cryptic clue uses wordplay to arrive at the answer. Visit the page for progressive hints — definition, wordplay type, and a full step-by-step explanation.

Expensive diamonds separating pair from last of money (6)

Guardian Cryptic #27258 | 3 Down | 2017-07-25

Generating...

I haven't cracked this one yet — but the brilliant team at Fifteensquared have:

ICE (diamonds) in PR + [mone]Y

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