Colored Precious Stone: a new term of the trade for all precious stones except diamond and agate. (noncolored stones are included in this term)
Gemstone: commonly this term is understood to mean any precious stone in general. Also this term is used to describe ornamental stones, stone-similar material, and semi-precious stones. (always a cut stone)
Gemology: this is an International term for the science of precious stones.
Jewel: this term refers mainly to an ornamental piece which contains one or more gems in the setting. Sometimes it refers to gemstones not in settings. (cut gemstones only)
Precious Stone: this term has an all inclusive acceptance. Beauty is in the eye of the beholder and the value is seen in the stone once the cutting and polishing are finished.
Stone: this is another general term that is used in different ways depending on your profession. (Jeweler, Architect, Scientist, etc.) Basically it is all materials mined, the exception being ice and coal.
Synthetic: manmade products that have similar physical and chemical properties to that of the real gemstone. Here are three well-known manufacturers of synthetic Emerald: CHATHAM-California, GIBSON-France, ZERFASS-Germany.