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Gem bags are special bags that can store minerals and gems.
The [Gem Pouch] is a 20-slot gem bag sold by Fabian Lanzonelli in Allerian Stronghold, Floyd Pinkus in Thrallmar and Caregiver Ophera Windfury in Temple of Telhamat.
The [Bag of Jewels] is a 24-slot Gem Bag, that can be created by tailors in the Burning Crusade.