Baltic Amber Necklace Pendant

Baltic amber necklace pendant. 2inches. What do you think or know about Baltic amber? Do you consider it a precious stone, only for jewelry, or do you also use amber in cosmetics or for medicinal purpose? I love all sorts of jewelry with various precious stones, but Baltic amber is a number one for me. I am absolutely in love and crazy about amber rings, pendants, nuggets or bracelets.