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Is there a difference between Precious & Semi-Precious Gemstones?

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Is there a difference between Precious & Semi-Precious Gemstones?

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Actually, not as much difference as you might think! To make a long story short, historically the term semi-precious can only be traced back to 1858, or the mid-19th century, and surprising to most, that is the same time period that diamonds became considered precious.

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