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What is the difference between precious stone and a semi-precious stone?

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What is the difference between precious stone and a semi-precious stone?

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The gemstones are generally divided into two classes- precious stones and semi-precious stones. Rarity is an important factor in determining the cost of a gemstone and the value of a gemstone should not increase or diminish just because it is categorized as precious or semi-precious. Rarest gems are classified as precious stones such as diamonds, sapphires, emeralds and rubies. All other gemstones are classified as semi-precious.

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