You turn the material component of this spell - a gemstone or small piece of metal - you are holding in your hand into dust, powder or filings. The value of the dust, powder or filings produced is equal to the value of the object used in casting. Alternatively, you turn the material component of this spell - a small amount of metal or gemstone dust - into an ingot or stone, the value of which is equal to the value of the dust used in casting. The product of this spell can be used as the required material component for crafting and spellcasting, assuming that the value and type matches the requirement of the desired activity.