The term IT MAY BE PRECIOUS can be solved by the crossword solutions METAL (5 letters) and GEM (3 letters). METAL is a broad term for a group of chemical elements that are malleable and ductile, meaning they can be shaped and bent without breaking. Precious metals such as gold, silver, and platinum are often used in jewelry and coins. A GEM is a precious or semi-precious stone, usually cut and polished to be used in jewelry. Examples of gems include diamonds, rubies, sapphires, and emeralds.