What does the cryptic crossword clue "RSM's one with outright bid to acquire cut diamonds (7,7)" 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.

RSM's one with outright bid to acquire cut diamonds (7,7)

Daily Mail Cryptic #16738 | 1 Down | 2021-12-28

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