Performance of Creation, Creative Crescendo, Fabricate
Does your party of eight PC's of 20th level include a College of Creation Bard? If not, no matter, you need only one, of only 14th level, so we can assume that your party collectively can easily hire or compel one.
At 3rd level, a College of Creation Bard gets the class feature Performance of Creation, which says:
as an action, you can channel the magic of the Song of Creation to create one nonmagical item of your choice in an unoccupied space within 10 feet of you...The gp value of the item can't be more than 20 times your bard level, and the item must be Medium or smaller...The created item disappears after a number of hours equal to your proficiency bonus...You can have only one item created by this feature at a time; if you use this action and already have an item from this feature, the first one immediately vanishes. The size of the item you can create with this feature increases by one size category when you reach 6th level (Large) and 14th level (Huge).
Note that unlike the Wizard spell Creation, this class feature does not contain any language restricting the items created from being used as material components. Also, note that the item created is explicitly stated to be "nonmagical", which will be important when we get to our next step below.
When this class ability is first obtained a third level bard may create only one diamond at a time for you, of 60gp value, which will last just two hours, so not particularly useful for your purpose of collecting valuable diamonds.
If we allow that bard to advance to 14th level, however, then the bard obtains Creative Crescendo, the most important aspect of which is that they
are no longer limited by gp value when creating items with Performance of Creation.
Further, since they may create a Huge object, they are now allowed to make a 15' cubic block of uncut diamond, at whatever the value of that is in your world. They can also make simultaneous additional, smaller blocks of uncut diamond. The only limitation now is that the block(s) will exist for just 6 hours.
The bard then passes off this uncut diamond to your wizard, who uses the 4th level spell Fabricate to "convert [nonmagical] raw materials into products". So long as they cast the spell within the six hours from when the uncut block was created, they can now use the single uncut diamond as the raw material to make as many, permanent, cut diamonds as will fit within a 5' cube. Your DM will need to determine the worth of them, but it is undoubtedly thousands and thousands of gp value for the investment of a 3rd level class ability and a 4th level spell.
Note that the quality of the cut gems will depend on the wizard's own ability at gem-cutting, so you will want to pick up proficiency in gem-cutter's tools.