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The article aims to present some of the legends surrounding precious metals and precious stones, followed by legal aspects and a brief historical overview and concluding with the fascination that precious metals and stones have for people. Precious metals and precious stones function as a signal of a person’s high social status in society. Thus, they are the insignia of powerful people; the vehicle by which a person can climb the social ladder. Precious metals and precious stones, because of their aesthetic, dis...