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Two ideas come to mind when combining the words 'water' and 'diamonds'.

First. is an older description of colourless stones, said to be water diamonds for their clarity.

Second, is alluvial diamonds, found in river beds and in ocean water where rivers empty into them. The stones have been picked up by the water and moved downstream with other silt, after flowing over a diamond pipe.

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Q: What does water have to do with diamonds?
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