The Precious Umbrella is indicative of royal dignity. It also symbolizes protection from the sun's heat. In a way, it symbolizes protection from sufferings. The precious umbrella is usually ornate. It is depicted with a dome that represents wisdom. It also comes with a skirt around the dome that represents compassion. More often, the dome is shaped octagonally to represent the eigthfold path of Buddhist practices. In some instances, it is shaped like a square. As a square, it represents the 4 directional quarters.

Over the domed frame of the parasol stretches yellow or white silk. A pleated silk frieze usually hangs from its circular rim. The silk frieze has multi-colored valances and silk pendants. The lower circular rim of the parasol is marked by a golden crest-bar. Moreover, its silk frieze may be bedecked with yak-tail pendants and peacock feathers.