Well then. I needed not read further than "Emerald Tools and Armor and I thought "That would be so cool if it was real!!!!"" But I continued reading anyway, to discover the horrible imbalance of this... Good god the imbalance.
Also, the fact that it has a texture already means nothing... If they chose, they could make 100 armour types in a day by copy pasting code, hue changing armour and a gem, then changing a few stats. Never use: "Well, they could do it easily" as an excuse for something like this.