A prized possession is something that is highly valued and cherished. It can be anything from a physical item to an intangible feeling. In this crossword, the solutions for the term prized possession are 'JEWEL' and 'GEM'. JEWEL is a five-letter word that refers to a precious stone or ornament made of such stones. Gems are three-letter words that refer to any valuable or semi-precious stone, such as diamonds, rubies, sapphires, and emeralds. Both jewels and gems are often used to make jewelry and other decorative items.