This story is taken from the book, "The Enchanted Village" by Roger Scharf and Gary Winterburn, 1992
"About three quarters of a mile downstream from Fredericktown is a towering waterfall. A small spring-fed stream lunges 80 feet over a sandstone cliff. The site is a picturesque scene of quiet serenity."
The falls at one time were on the property of Andrew and Margaret Stewart who lived in the stone house which once stood on the hill east of the village of Fredericktown overlooking the Beaver Creek Gorge. The Stewart's had a daughter born in 1832 who was given her mother's name of Margaret. Young Margaret's search for happiness was destined for failure. She fell in love with a young man early in life and married him. The life of married bliss only lasted a few short months as he was stricken with an unknown ailment and died. She remained with her parents in widowhood many years. At the age of 30, when her hopes were fading of ever leaving her status of widowhood, Margaret met and fell in love with a young Union officer who was on leave from his duties in Pittsburgh. their favorite place for their trysts was in the shaded privacy of a glade at the head of the falls. It was here that he proposed marriage and Margaret accepted. It was here that they declared their love for each other and made their plans for the wedding which was to take place as soon as he was discharged from his country's service. He placed a diamond ring on her finger as a binding promise of his love and returned to his unit for further assignment."
It was in July of that same year that Margaret received the crushing news. Her husband to be was killed in the battle of Malvern Hill in Virginia. The battle had lasted six days from June 25 to July 1 and ended with the retreat of the Union forces. It is said that grief stricken and broken hearted Margaret went to the waterfalls where they had spent their wonderful hours together. She took the diamond ring off her finger and as she cast it over the falls into the eddies far below said, "Love for me can never be, I shall never marry." Margaret remained the rest of her life a grief stricken widow."
From that time forward this tryst place for lovers became known as Diamond Falls.