What makes any stone precious? The words “precious gemstone” originally were not given or awarded, they were earned. In the case of Damsonite, a relatively unattractive rough piece of scarce material was discovered to have gem qualities similar to those of Lavendar Jade. Over time, Damsonite has been perceived, due to its lovely colorations and versatile characteristics, to have intrinsic value as well. Its qualities of tone, texture, translucency, rarity and color have elevated Damsonite to the status of treasured gemstone.