Red Gem (Resident Evil 4)
The markings on the piece indicate that it was once set in something.
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A red gemstone set in gold. You can sell this to the merchant to make some extra Pesetas. If you combine it with the Elegant Mask, the value of the mask will increase.
Sell price: 3,000 pesetas
Location
Chapter 2-3
1 × Red Gem - Camp. Inside a barrel in the lower levels of the small hut.
Chapter 3-2
1 × Red Gem - Maze. Inside one of the chests.