coming to him, a living stone, rejected indeed by men, but chosen by God, precious.
Precious ... The ASV margin gives "honorable" as an alternate reading, the idea being that all honor and glory are due to Jesus Christ who is the cornerstone and foundation of God's true temple.  The contrast is between the worthless status accorded Jesus by the Pharisees, who found no use at all for him in their plans, and the fact of our Lord's being God's most precious and only begotten Son.