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Saffron is a spice derived from the autumn crocus flower (Crocus sativus), a perennial plant that blooms in the fall. There are three parts of value to the flower. The stigma, or signature red threads in the center, are known as saffron. As well, the yellow stamen, also in the center of the flower, and the blue or purple petals are prized components in fabric dyes. Of these, saffron has the greatest value, commanding a wholesale price of up to $10,000 per pound