No, it only works with jewels, not gems. That's one of the advantages to jewels when STS introduced them and began pushing the transition.
You automatically have recipes to craft three of a given type of jewel to one of the next higher quality. You can remove one from gear by choosing Upgrade instead of Craft, the same place you go to socket a gem/jewel.
The recipe to convert to a Noble jewel of each type is unique to an Enchanted Eye of Syrillax, if you still have one. The current value of a Noble of each type together is close to 7m. If I'd done this calculation first, I obviously would have converted instead of letting someone talk me down to selling my Eye for 4m
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Learn from my mistake: don't take less than 7m for an Eye. If you can't find a buyer fast at 7m+, convert it to Nobles instead.
Welcome back and good luck man.
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