Cryptic crossword clue
What smells delightful, almost grand, in rapid decline? 10

The most common and most likely answer to this crossword clue is the 10 letter word NOSEDIVING

I've seen this crossword clue in The Daily Telegraph
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Buddy explains!

The straight part
We know that "in rapid decline" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case in rapid decline = nosediving.
The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.
This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.

What does NOSEDIVING mean?

NOSEDIVING verb
  1. (of aircraft) To dive down in a steep angle.
  2. To perform a rapid fall in price or value.

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