The most common and most likely answer to this crossword clue is the 7 letter word EMERALD
I've seen this crossword clue in The Guardian
E
M
E
R
A
L
D
More clues leading to the result EMERALD
- Precious stone dealer scrambled to receive first piece of malachite
- Gem dealer suspiciously pockets millions
- Stone carved by mere lad
- Half of scheme ignored by artist – extremely lurid colour
- 'La couleur de la mer' in translation
- Stone me — man beheaded outside!
- Colour of a red elm when worked
- Eastern male, messenger casting the first stone
- . Gemstone dealer Mark Mills
- Criminal dealer acquires minute stone
Buddy explains!

The straight part
We know that "stone" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case stone = emerald.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.
What does EMERALD mean?
EMERALD noun- Any of various green gemstones, especially a green transparent form of beryl, highly valued as a precious stone.
- Emerald green, a colour.
- Any hummingbird in the genera Chlorostilbon and Elvira; and some in the genus Amazilia
- A size of type between nonpareil and minion, standardized as 6½-point.
- To ornament with, or as if with, emeralds; to make green.
- Of a rich green colour.