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Just as the name implies- precious metals are metals- things that conduct electricity, have luster, ductility and malleability- and are rare. Examples include gold, silver, platinum, palladium, etc.

Precious minerals- just that- minerals- defined as naturally occurring, homogeneous inorganic solid substances having a definite chemical composition and characteristic crystalline structure, color, and hardness. To be precious, they also would be rare and sought after. Examples may include diamonds, rubies, emeralds, etc.

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Q: What is the difference between precious metals and precious minerals?
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