Precious has many meanings: of great value, highly esteemed, excessively refined, great -- from Miriam Webster's definitions.
Every royal jewel is precious in its own way, or it would not be a royal jewel. The jewel could be precious based on its mineral composition, its size, its colour, its setting, its history, its inscription, its use and so forth.
In this case, precious cannot be determined by value since royal jewels only change hands among royals: no money is involved. Usually.
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The Hope Diamond is considered one of the most precious royal jewels in the world. It is known for its extraordinary size, rare deep blue color, and storied history. It is currently housed in the Smithsonian National Museum of Natural History in Washington, D.C.
A gem is a mineral or organic material that is cut and polished for use in jewelry or other decorative items. A jewel specifically refers to a precious gemstone, such as a diamond, ruby, sapphire, or emerald. A semi-precious stone is a category of gemstone that is not as rare or valuable as precious stones, such as amethyst, turquoise, or garnet.
Sometimes products are known by several names. Most Precious Memories figurines are actually Precious Moments products. There are several different places to buy Precious Moments figurines online and in person. The Precious Moments homepage is the most reliable source, as you can order directly online or find a local retailer. Third party services such as Amazon or eBay also have Precious Moments figurines.
A precious rock starting with "s" is sapphire. Sapphires are valued for their beautiful blue color, but can also come in various colors such as pink, yellow, and green. They are used in jewelry and are considered one of the most precious gemstones.
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Gold is a precious metal commonly set with stones in jewelry such as diamonds, rubies, emeralds, and sapphires. Other precious metals like silver and platinum are also used, but gold is the most popular choice.