noun
gemstone
GEM-stohn/dʒˈɛmstˌoʊn/
A mineral or organic material cut and polished for use in jewelry.
The deep-green gemstone rests beside its empty ring setting.

Etymology
The jewel element narrows “stone” to a precious rather than ordinary rock. This compound was already used in Old English for a precious stone.
In context
you need a jeweler that's going to take that gemstone and mount it into a piece of jewelry
More examples
- The jeweler sets three small gemstones into a gold pendant.
- Amber is an organic gemstone made from hardened tree resin.
- She chooses matching gemstones for a pair of earrings.
Forms
gemstone · gemstones