Milky gem (4)
I believe the answer is:
opal
<span class="explanation-format__ClueExplanation">'<span class="explanation-format__original">milky gem</span>' is the definition.<br/ ><span class="explanation-format__explanation">(I've seen this before)</span><br/ ><br/ >This is the entire clue.<br/ ></span>
(Other definitions for opal that I've seen before include "Milky iridescent stone" , "One in a ring perhaps" , "Milky-white gem" , "Variegated gemstone" , "Semi-precious stone of milky or bluish colour" .)