Spices enhance the flavor of your foods. Without these essential culinary ingredients, your dishes taste bland. Moreover, spices are also blessed with medicinal properties. However, spices are also expensive. Especially the premium quality spices procured from their native lands can be quite expensive. Priced at over $1000 per pound, saffron is the priciest spice in the world. The premium quality saffron can cost up to $5000 per pound. Saffron adds both color and flavor to your dishes. As it takes tens of thousands of the Crocus sativus flowers to produce a pound of saffron, hence, it is the world’s most expensive spice. Other expensive spices in the world include vanilla, cardamom, cloves and cinnamon.