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Richly blessed with gems and minerals, the small North Carolina town of Franklin is touted as the “Gem Capital of the World.”

Franklin sits on a hill above the Little Tennessee River—the surveyors who chose the site in 1820 admired its beauty, laying out the town with Main Street facing the Cowee Mountains to the east and the Nantahala Range to the west. Though encircled by rugged summits, Franklin was situated directly by well-worn trails, and it soon developed into the market center of sou...