What Makes a Gift Feel Truly Special and Memorable?

I have been thinking about how certain gifts become meaningful memories rather than just expensive items. Some people prefer practical gifts, while others like things that represent personal style, milestones, or special moments. I’m curious how everyone decides what makes a gift worth keeping for years. For example, do you think luxury jewelry has more emotional value because of its craftsmanship and story, or do you prefer simpler gifts with personal meaning?