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andrew writes:

 >
 > The name Waipounamu comes from two words: wai, water; and pounamu,
 > greenstone or nephrite, a precious stone which is not quite jade.

Both nephrite and jadeite are considered to be jade, yes?

! Note: The general term jade includes nephrite, a compact
!           variety of tremolite with a specific gravity of 3, and
!           also the mineral jadeite, a silicate of alumina and
!           soda, with a specific gravity of 3.3. The latter is the
!           more highly prized and includes the feitsui of the
!           Chinese. The name has also been given to other tough
!           green minerals capable of similar use.
!           [1913 Webster]