Milky gems (5)
I believe the answer is:
opals
'milky gems' is the definition.
(I've seen this in another clue)
This is the entire clue.
(Other definitions for opals that I've seen before include "jewels" , "Translucent gemstones" , "Iridescent gems" , "Milky sparkling gemstones" , "Milky white and coloured gems" .)