Sorry, no online dictionaries contain the exact phrase diminish value.
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Reverse dictionary results:
1. devalue
2. depreciate
3. undermine
4. belittle
5. accelerated depreciation
6. appair
7. avale
8. compound
9. defeat
10. degrade
11. deject
12. depress
13. deteriorate
14. disrate
15. downgrade
16. embase
17. extenuate
18. gimp
19. handicap
20. impoverish
21. irritate
22. pair
23. pauper
24. abase
25. abate
26. allay
27. cheapen
28. decay
29. defang
30. depauperate
31. derate
32. derogate
33. disadvantage
34. impair
35. look down on
36. obsolesce
37. pejorate
38. pluto

You can look up the words in the phrase individually using these links:   diminish ?   value ?
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