Three decades after the brutal stabbing murder of a 20-year-old Italian tourist, a record reward for information relating to the cold case has been offered.

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Victoria Cafasso had been in Tasmania less than a week when her body was discovered on October 11, 1995, at Beaumaris Beach on the state's picturesque east coast.

Police on Friday doubled a reward for intel that leads to a conviction to $1 million - the largest ever offered in Tasmania.

"This was a random and particularly vicious attack committed on a young lady who was at the beginning of her life," Assistant Commissioner Adrian Bodnar told reporters.

"Someone must know something."

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