Garnet

Please don't be confused with Shards.
Garnets are very valuable gems and the second most valuable in game. They can be cut at 85 Crafting, and at higher levels, used as an ingredient in crafting garnet armor and jewelry. They are very valuable, worth 7 gold, but to get one is extremely rare, almost as rare as Dragon's Eye.
===Ingredients in Crafting===
*[Garnet Crown]
*[Garnet Platebody]
*[Garnet Platelegs]
*[Garnet Blade]
*[Garnet Shield]
*[Garnet Gloves]
*[Garnet Boots]
*[Full Garnet Set]
Each armor requires 5 Garnets, totally for the full set, costing 35 Garnets, equaling 245 Gold.
Each piece of armor requires 92 Crafting to make, the crown 95.
===Source===
They are dropped from approximately 1/500 in any gem dropping creature. Garnet Dragons drop them at 1/50 rate.