The valuable gem (i.e. the conscience) has been shattered to pieces (i.e. completely ignored in favour of materialism) in the box (i.e. body). The Sayed says: “When it was intact, it was worth a million of rupees. Now, in pieces, it is worth nothing”.

Note: This verse may be interpreted spiritually as under:- “Before Hazrat Adam’s soul was encased in the human frame, it was a glorified object; and the angels, as per the Divine orders, offered obeisance to it. Later, however, it byepassed Allah’s injunction, and was therefore humiliated, exiled from Paradise and devalued considerably.”
Taken at the ordinary human level too a sinner’s soul, which becomes imbecile, is worth nothing and it is marked for Hell.

Precious gem in its casket the woman into bits broke,
It cost a quarter and a lac, when whole;
Its price to billions rose, when it got crushed.

The damsel broke into pieces a pearl that was in a box,
Sayyad says, when it was whole it was worth a million,
Broken. Its worth is beyond millions.